Jungle Ventures Raises $225 Million to Invest in India, Southeast Asia Startups

There has been a flurry of fundraising activities and initial public offerings in Southeast Asia and India, where the tech industry is having a boom year. Since launching its first early-stage fund in 2012, Jungle Ventures has become one of the fastest-growing local VC firms in the city-state with assets under management of about $600 million.

“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.”

Singapore-based Jungle Ventures has been an early and consistent backer of Kredivo, which went on to become Indonesia’s largest consumer lending app, as well as business-to-business e-commerce platform Moglix.

Kredivo’s parent, FinAccel, in August agreed to go public in the U.S. through a merger with a blank-check firm that values the combined entity at $2.5 billion. Other noteworthy Jungle Ventures investments include home-interior platform Livspace, beauty e-commerce operator Sociolla and Pomelo, a women’s fashion retailer in Southeast Asia.