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Jungle Ventures closes second fund with $100 mn

Press Trust of India  |  New Delhi 

Jungle Ventures today said it has closed its second fund, bringing in a total of USD 100 million. The new fund, which received financing from existing investors as well as new ones, is ten times larger than its first fund raisedin 2012, it said in a statement. The company got Ratan Tata on board as a special advisor last year. "It will largely target Series A and select Series B investments primarily in Southeast Asia, as well as, on a more opportunistic basis, businesses in and particularly where such businesses may benefit from expansion into Southeast Asia," it added. The investor base is well diversified and includes names such as Temasek Holdings, International Corporation, National Research Foundation of Singapore, Hubert Burda Media as well as leading family office investors such as the Kewalram Chanrai Group and Khoon Hong Kuok, the statement said. "This is a significant milestone for Southeast Asia's fast growing startup ecosystem...

With an exceptional team of 15 investing and operational professionals we intend to continue to invest and help build the best technology companies from this region," Jungle Ventures Founding Partner Amit Anand said. Since inception in 2012, Jungle is amongst the few VCs that have successfully exited companies via M&As to global brands like Twitter, HomeAway, Rakuten and Shopclues. The Singapore-based venture firm has investments in Singapore, Indonesia, and other regions in South Asia. These include names like Klinify, iflix, Zipdial, Milaap, CrayonData, Travelmob among others.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 22:02 IST