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Jungle Ventures

From EverybodyWiki Bios & Wiki


Jungle Ventures
Private
ISIN🆔
IndustryVenture capital
Founded 📆2012
Founder 👔
Headquarters 🏙️Singapore
Area served 🗺️
Key people
Amit Anand, Anurag Srivastava
Members
Number of employees
🌐 Websitehttp://www.jungle.vc
📇 Address
📞 telephone

Jungle Ventures is a Singapore-based venture capital firm investing in early to growth-stage tech startups across Southeast Asia and India. Founded by Amit Anand and Anurag Srivastava in 2012, the company has raised over $1Bn in capital commitments.[1]

Multiple investments have become "unicorns" valued above $1 billion, where Jungle has been a seed to unicorn investor, including Kredivo, Livpsace, and Moglix.

History[edit]

In 2012, Jungle Ventures raised its first fund of $10 million.[2] The firm launched its ‘super angel’ fund for growth-stage business in the Asian region.[3]

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.[4]

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.[5] 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.[6]

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.[7][8][9][10] Jungle Ventures has raised $1Bn (total assets under management).[11]

Investments[edit]

The Jungle Ventures makes around 15-18 investments per fund (and only 6-7 new investments a year), meaning more capital, time, and resources per company.[12] Average first investment in each company can range from $500k to $20M.[13]

Notable investments[edit]

2015–2018: Kredivo,[14][15] RedDoorz,[16] Pomelo,[17] Livspace,[18] TradeGecko,[19] Moglix,[20] Deskera,[21][22] Abra,[23] Vayana.[24]

2019–2021: Sociolla,[25][26] Evermos,[27] Leap Finance,[28] Dat Bike[29][non-primary source needed], Citymall,[30] Believe,[31] Waresix,[32] Turtlemint,[33] Betterplace [34]

2022–onwards: Sleek,[35] Atomberg[36] Medici[37] Mio[38] Desty[39] Infeedo[40]

Key Exits[edit]

Homeaway acquired TravelMob in 2013.[41]

Twitter acquired Zipdial (Fund I company), in 2015.[42]

Voyagin exited to Rakuten, in July 2015.[43]

Paysense exited to Pay U (Naspers), in January 2020.[44]

Pokkt exited to Anymind group in March 2020.[45]

Tradegecko exited to Intuit, in August 2020.[46]

Dathena exited to Proofpoint, in January 2022.[47]

References[edit]

  1. ↑ "Jungle Ventures closes a $600M fund, bringing its total assets under management to over $1B". TechCrunch. Retrieved 2022-06-01.
  2. ↑ "Jungle Ventures launches $10 million super angel Asia fund". nextbigwhat. 2012-10-17. Retrieved 2022-05-10.
  3. ↑ Russell, Jon (2012-10-17). "Jungle Ventures Reveals $10M 'Super Angel' Investment Fund for Asia". TNW | Asia. Retrieved 2022-05-10.
  4. ↑ "Jungle Ventures Returns To The Table With A New $100M Fund For Asia". TechCrunch. Retrieved 2022-05-10.
  5. ↑ "Singapore's Jungle Ventures raises $240 million for third Southeast Asia fund". Reuters. 2019-10-29. Retrieved 2022-05-10.
  6. ↑ Abrar, Peerzada (2019-10-30). "Venture capital firm Jungle Ventures raises $240 million for third fund". Business Standard India. Retrieved 2022-05-10.
  7. ↑ "Jungle Ventures Announces Closure Of $600 Mn Fund IV For India and SEA". Inc42 Media. 2022-05-18. Retrieved 2022-06-01.
  8. ↑ "Jungle Ventures raises $225 million to invest in India, Southeast Asia startups". The Economic Times. Retrieved 2022-05-10.
  9. ↑ "Jungle Ventures Raises $225 Million to Invest in India, Southeast Asia Startups". Bloomberg.com. 2021-09-13. Retrieved 2022-05-10.
  10. ↑ "Jungle Ventures closes a $600M fund, bringing its total assets under management to over $1B". TechCrunch. Retrieved 2022-06-01.
  11. ↑ "Jungle Ventures closes a $600M fund, bringing its total assets under management to over $1B". TechCrunch. Retrieved 2022-05-30.
  12. ↑ "Jungle Ventures Portfolio Investments, Jungle Ventures Funds, Jungle Ventures Exits". www.cbinsights.com. Retrieved 2022-05-10.
  13. ↑ "The 45 (Best) Venture Capital Firms in the USA Investing in Startups in 2020". GrowthMentor. 2019-11-22. Retrieved 2022-05-10.
  14. ↑ "Kredivo raises $30M to build a digital credit card for Southeast Asia". TechCrunch. Retrieved 2022-05-10.
  15. ↑ "Catering To Ecommerce Consumers In Indonesia, Fintech Startup Kredivo Raises Series A Funding From Jungle Ventures, Others". Inc42 Media. 2017-10-04. Retrieved 2022-05-10.
  16. ↑ "RedDoorz raises pre Series A funding from Jungle Ventures". Hospitality Net. Retrieved 2022-05-10.
  17. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  18. ↑ "Livspace Lands $8M To Expand Its Online Home Design Service In India". TechCrunch. Retrieved 2022-05-10.
  19. ↑ "TradeGecko Snags $6.5M Series A To Help Businesses Wrangle Inventory". TechCrunch. Retrieved 2022-05-10.
  20. ↑ "Accel Partners and Jungle Ventures invest in Moglix". Business Standard India. 2015-10-30. Retrieved 2022-05-10.
  21. ↑ "Deskera raises $60m Series A from Jungle Ventures, Cisco Investments, Tembusu, others". DealStreetAsia. Retrieved 2022-05-10.
  22. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  23. ↑ "Bitcoin startup Abra raises $16m Series B from Foxconn, Arbor Ventures, Jungle Ventures, others". DealStreetAsia. Retrieved 2022-05-10.
  24. ↑ "Funding Rundown: Vayana Network closes Series C at $52 mn, VideoVerse gets $46.8 mn in Series B round, QED & Aavishkaar lead $31 mn Series B round in Financepeer". cnbctv18.com. 2022-04-20. Retrieved 2022-05-10.
  25. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  26. ↑ "Indonesian beauty platform Sociolla in talks to raise up to $150m at unicorn valuation". DealStreetAsia. Retrieved 2022-05-10.
  27. ↑ Gateway, Salaam. "Indonesia's halal-focused social commerce start-up Evermos raises $30 mln to expand outside main cities". Salaam Gateway - Global Islamic Economy Gateway. Retrieved 2022-05-10.
  28. ↑ "Leap Finance gets $17 million led by Jungle Ventures - Times of India". The Times of India. March 17, 2021. Retrieved 2022-05-10.
  29. ↑ "Jungle Ventures". www.jungle.vc. Retrieved 2022-05-10.
  30. ↑ "CityMall raises $22.5 million from General Catalyst, Jungle Ventures, others". The Economic Times. Retrieved 2022-05-10.
  31. ↑ Shah, Sneha. "Singapore-based Believe raises $55 million in funding led by Venturi". The Economic Times. Retrieved 2022-05-10.
  32. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  33. ↑ Mittal, Apoorva. "Jungle Ventures makes its first insurtech investment in Turtlemint". The Economic Times. Retrieved 2022-05-10.
  34. ↑ Upadhyay, Harsh; Tyagi, Gaurav (2021-09-13). "BetterPlace raises $24 Mn in Series C led by Jungle Ventures and CX Partners". Entrackr. Retrieved 2022-05-10.
  35. ↑ "Sleek bags US$14m in Series A funding with lead investors Jungle Ventures and White Star Capital". www.businesstimes.com.sg. Retrieved 2022-05-10.
  36. ↑ "Atomberg raises $20 million in funding led by Jungle Ventures". www.thehindubusinessline.com. Retrieved 2022-05-10.
  37. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  38. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  39. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-05-10.
  40. ↑ "Jungle Ventures leads Series A round in employee experience platform inFeedo". VCCircle. 2022-03-15. Retrieved 2022-05-10.
  41. ↑ "HomeAway Buys Singapore Startup Travelmob To Enter Asia-Pacific". TechCrunch. Retrieved 2022-05-10.
  42. ↑ "Twitter Confirms Acquisition Of India's Missed Call Marketing Platform ZipDial". TechCrunch. Retrieved 2022-05-10.
  43. ↑ "Rakuten Acquires Tokyo-Based Travel Startup Voyagin". TechCrunch. Retrieved 2022-05-10.
  44. ↑ SH, Salman (2020-01-10). "PayU acquires PaySense at an equity value of $185 million". mint. Retrieved 2022-05-10.
  45. ↑ "AnyMind Group acquires POKKT Mobile Ads, marking expansion into India and the Middle East". anymindgroup.com. Retrieved 2022-05-10.
  46. ↑ "Intuit QuickBooks Adds Omni-channel Commerce Capabilities by Acquiring TradeGecko". Intuit®: Official Blog. 2020-08-03. Retrieved 2022-05-10.
  47. ↑ "Proofpoint Completes the Acquisition of Dathena; Strengthens Enterprise Information Protection Offering | Proofpoint US". Proofpoint. 2022-01-10. Retrieved 2022-05-10.


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