Key Highlights:
- Singapore’s Jungle Ventures has raised $600 million to continue backing early-stage startups in Southeast Asia and India.
- Founded in 2012, Jungle Ventures is the brainchild of Anand and Anurag Srivastava which has now more than $1 billion of assets under management.
- Jungle helps entrepreneurs scale up and drive growth by helping with capital structuring, strategic partnerships, developing founders’ leadership abilities, and attracting and retaining top talent.
Amid the market-changing valuations of tech companies, Singapore’s Jungle Ventures has raised $600 million to continue backing early-stage startups in Southeast Asia and India. The company said in a statement, that the sum includes a new $450 million venture capital fund, which exceeded its target of $350 million.
Additional follow-on investment of $150 million is committed by the new investors including Mizuho Bank Ltd. and StepStone Group. While existing backers including Temasek Holdings Pte, International Finance Corp., and German development finance institution DEG put in the capital again.
More Than $1 Billion Of Assets
Amit Anand, founding partner of Jungle Ventures said, “We like to be a lead investor in seed to Series B funding rounds to help our companies with concentrated efforts with a 20-year horizon.” “We’ll see through this crisis by remaining consistent through ups and downs, rather than trying to catch a wave.”
Founded in 2012, Jungle Ventures is the brainchild of Anand and Anurag Srivastava which has now more than $1 billion of assets under management. In 2021, to head strategy, corporate development, and fundraising, the company hired Sandeep Uberoi from Bank of America Merrill Lynch. And in December, he was named a managing partner along with Yash Sankrityayan, adding to the company’s senior management team that includes managing partner David Gowdey.
About Singapore’s Jungle Ventures
Jungle Ventures collaborate closely with Founders to build the intrinsic value of their company by building a scalable organization and providing dependable long-term capital. Jungle helps entrepreneurs scale up and drive growth by helping with capital structuring, strategic partnerships, developing founders’ leadership abilities, and attracting and retaining top talent.
The company takes pride in being collaborators, supporters, champions, advisors & mentors to our founders. The company understands the pressures Founders are under & the uncertainty they face. It also feels their excitement & is inspired by their drive. For the team at Jungle Ventures, every investment is an investment in passionate people ready to build lasting businesses.
