Jungle Ventures

Jungle Ventures is a Singapore-based venture capital firm investing in early to growth-stage tech startups across Southeast Asia and India. It is one of the stand-out investors in Southeast Asia. Founded by Amit Anand and Anurag Srivastava in 2012, the company has raised over $1Bn in capital commitments. Multiple investments have become "unicorns" valued above $1 billion, where Jungle has been a seed to unicorn investor, including Kredivo, Livspace, and Moglix.
History
In 2012, Jungle Ventures raised its first fund of $10 million. The firm launched its ‘super angel’ fund for growth-stage business in the Asian region.
In 2015, the company raised $100 million in Fund II. The focus remained the same for the venture capital firm, with its second fund devoted to building the next “category leaders” from India, Southeast Asia.
In 2019, Jungle Ventures exceeded its initial target range of $150 million to $200 million and raised $240 million for the third fund for investments in innovative technology and digital-driven startups across Southeast Asia and India. Investors range included DEG, Germany's development finance institution, IFC, a member of the World Bank Group and Bualuang Ventures, a corporate venture capital fund of Bangkok Bank.
In May 2022, the company announced a $600Mn close of their Fund IV with $450Mn in the main fund and $150Mn in additional managed commitments. Investors include Temasek, IFC, FMO, DEG, Mizuho Bank, Ltd. and StepStone Group. The fund intends to help the next generation of entrepreneurs from India and SouthEast Asia build category-leading tech businesses. Jungle Ventures has raised $1Bn (total assets under management).
Investments
The Jungle Ventures makes around 15-18 investments per fund, and 6-7 new investments a year. The first investment in each company averages from $500k to $20M.
Notable investments
2015-2018: Kredivo, Crayon Data, RedDoorz, Pomelo, Livspace, TradeGecko, Moglix, Deskera, Abra, Vayana.
2019-2021: Sociolla, Evermos, Leap Finance, Dat Bike, Citymall, Believe, Waresix, Turtlemint, Betterplace
2022-onwards: Sleek, Atomberg Medici Mio Desty Infeedo
Key exits
Homeaway acquired TravelMob in 2013.
Twitter acquired Zipdial (Fund I company), in 2015.
Voyagin exited to Rakuten, in July 2015.
Paysense exited to Pay U (Naspers), in January 2020.
Pokkt exited to Anymind group in March 2020.
Tradegecko exited to Intuit, in August 2020.
Dathena exited to Proofpoint, in January 2022.

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