Jungle Ventures raises $600 million for new fund focusing on India and Southeast Asia
- ByStartupStory | May 18, 2022
Jungle Ventures, a Singapore-based investment firm has raised $600 million in funding for a new fund entirely dedicated to India ad Southeast Asia. Amit Anand, the founding partner, of the company, said that the company strongly believes that India and Southeast Asia are a multi-decade trend focused on digitisation which makes the basis of conviction.
He further added that the company is looking forward to the 10-, 20-, 30- year secular trend of technological advancements. Also, on highlighting the growth of online tools by small as well as medium businesses. The company is building a very high conviction and very concentrated strategy over the past 10 years.
The company was started in 2012 by Amit Anand and Anurag Srivastav. The first close of the company was done last September with more than half the commitments for the fund have been received from the existing investors like the International Finance Corporation and Dutch development bank FMO with Temasek being the headline investor name of this fund.
The fund will further invest in 15-18 companies indicating the larger ticket sizes. Anand, the founder of the company said that there are tremendous opportunities in B2B fintech and educational technology startups. The company’s Indian portfolio incorporates home renovation giant Livspace and City Mall as the social commerce platform with BookMyShow as its ticketing platform.
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