Andy Cheng

Business Development, Strategic Investment for startups and GP private allocation.

Led two cross-border industrial funds with a combined AUM of USD 100M, focusing on MarTech, SaaS, and global eCommerce. Oversaw deal sourcing, LP relations, and investment execution in over 10 early-stage companies. Key Investments: 1. Onerway (formerly Pacypay) – Licensed cross-border payment processor, TPV over USD 11.4B. Led Series A. 2. ChicPoint – MENA-based D2C fast fashion & maternity brand. Acquired by Peacebird (603877.SH), DPI ~1.3x. 3. Uniuni – North America’s fastest-growing last-mile logistics firm. Led Series A and now valuation > USD 300M. 4. TradPlus – Global ad mediation and optimization platform for mobile developers. Verz Design, EcoWorthy, Scrumball....etc.

Led cross-border VC investments across India, Southeast Asia, and the U.S., focusing on consumer internet, logistics, payments, and D2C. Managed deal lifecycle: sourcing, legal structuring, negotiations, and post-investment tracking. Key Investments: 1. Delhivery – India’s largest logistics player (NSE/BSE), market cap USD 3.6B. 2. Urbanic – Cross-border D2C fast fashion brand. Led Series A; total funding USD 160M. 3. MakeMyTrip (MMYT) – NASDAQ-listed OTA; market cap USD 8–11B. 4. Ixigo – India’s top travel meta-search platform. Led Series B; DPI ~2.9x. 5. LetsTransport – Intra-city logistics; Led Series B; USD 77M raised; valuation ~USD 175M. 6. Kissht – Consumer lending platform. Led Series A; valuation ~USD 300–330M. 7. DotPe – O2O merchant digitization & payments. Led seed round with InfoEdge & PayU; total funding USD 90.5M. 8. Trell – Short video & social commerce platform. Led seed; raised USD 64M. 9. Mylo – Mom & baby community + D2C; Led seed; raised USD 24.7M. 10. The Asian Parent – SEA’s largest parenting platform; Led Series A; raised USD 63.6M. 11. Headfone – Audio content & audiobook platform; USD 3.75M raised. 12. Babe – Indonesian news aggregator (acquired by ByteDance). 13. PandaCredit – Cross-border lending & payments for SEA and LATAM.

Managed global investments in social, content, utility, AI, and monetization platforms. Strategically built and operated overseas subsidiary (200+ employees) Key Projects: 1. PhotoGrid – Acquired photo-editing app; 300M+ downloads, 15M+ DAUs. 2. News Republic – Acquired for USD 57M; sold to ByteDance for up to USD 86.6M. 3. Musical.ly – Early-stage investor; acquired by ByteDance for USD 1B and rebranded as TikTok. 4. Live.me – Spun out social live-streaming app; USD 60M raised. 5. WiFi Master Key – USD 52M Series A; USD 1B valuation. 6. Microfun – Casual gaming firm; previously listed on NEEQ, IPO filed to ChiNext. 7. OrionStar – AI robotics; USD 40M investment; stake increased to 72.9%. 8. Yeahmobi – Global Integrated Digital Service Provider; Early investor; later listed on SZSE (301171.SZ). 9. NextDrive – Global Energy Service Enabler in Japan, Taiwan and SEA region ; Early Investor; USD 45M raised

Led early-stage investments in biotech, semiconductors, gaming, and green energy. Over 30 portfolio companies; 10 IPOs. Key Investments: 1. SunMax (4167.TW) – Biotech; market cap USD 199M 2. Synmosa (4123.TW) – Pharma; market cap USD 912M 3. Gamania (6180.TWO) – Gaming; market cap USD 386M 4. WinWay (6515.TW) – Semiconductors; market cap USD 13.46B 5. GlobalComm KY (4991.TWO) – IC design; market cap USD 602M 6. Baident (4181.TW) – Delisted dental medical firm 7. HowPlayer (6473.TWO) – Listed social commerce solutions 8. Dongguang Comm (1814.TW) – Listed manufacturing firm 9. RAC Electric Vehicles（2237.TW）– Listed Electric Buses for public transit system. 10. Huizuan Technology（8431.TW）– Listed Superior Planting surface treatment for electronic components 11. Pubu eBooks, City Color, Juheng, Taya Electric

Assisted Enterprises to grow and get funded(Fund size: 2.05 million/ per year), technology transfer and spin-off process from ITRI • Conducted strategic guidance for Research and Development Subsidies, including Product development, technology research, transfer and BU spin-off service. • Investment Evaluation, financial statement estimation, cost and revenue analysis for investment incentives. • Aimed to spur small and medium enterprise (SMEs) development and assist the traditional industries in technology upgrade and intellectual property transformation.

• Launched a new platform featured Social customer relationship management system(SCRM) integrated with web marketing optimization along with group buying service, mobile and Internet application project (iOS, Android & Facebook Apps) • Complete Business plan for fund raising, business development and public relationship. • Cash Flow estimating, Cost-Benefit Analysis on the Acquisition/Merger Project from FashionGuide Corp. • Complete FG iBeauty Project, FGTV Interactive POS and Media Advertisement System, Nexalon Social Website

1. Conducting Due duiligence and Joint Credit Information Investigating 2. Industries Analysis 3. Risk and loan term Analysis 4. Trading & Transaction Process

1. Website Interface Constructing-TakoMama(http://www.takomama.com/) 2. Fund raising & Acquired by FashionGuide 3. Platform Operating experience 4. Business Development (Food store Recruitment、Official Website) 5. Website Marketing Activities (Social website advertisement 、Blogger targeting) 6. Mobile & Internet application project (iPhone & Facebook Apps) 7. Exit from FashionGuide acquistion.