Jungle Ventures raises $225 million to invest in Startup across India & Southeast Asia

Jungle Ventures raised $225 million in the first close of its fourth fund, as the VC company looks to repeat its startup success in Southeast Asia and India.

In an interview, founding partner Amit Anand indicated that many of the prior fund's existing investors endorsed the new one. Temasek Holdings Pte, International Financing Corporation, and DEG, a German development finance agency, are among them. The new fund is expected to be $350 million in size.

In Southeast Asia and India, where the tech industry is booming, there has been a rush of fundraising operations and initial public offerings.

Jungle Ventures has been one of the fastest-growing local VC companies in the city-state, with assets under management of around $600 million, since opening its first early-stage fund in 2012.

“We have coined two unicorns this year where we have been seed-to-IPO investors," Anand said. “We have built a franchise that will repeat quarter after quarter, and that separates us from the one-hit wonder venture-capital providers."

Jungle Ventures, based in Singapore, was an early and constant supporter of both Kredivo, which grew to become Indonesia's largest consumer lending app, and Moglix, a business-to-business e-commerce platform.

FinAccel, Kredivo's parent company, decided in August to go public in the United States through a merger with a blank-check firm valued at $2.5 billion. Other notable Jungle Ventures investments include Livspace, a home-interior platform, Sociolla, a beauty e-commerce operator, and Pomelo, a Southeast Asian women's apparel shop.