Jungle Ventures: The Borderless Fund That Turns Seed Cheques into Unicorns

Jungle Ventures is the Singapore-headquartered fund that turned the India–Southeast Asia corridor into a deliberate investment strategy. Founded in 2012 by Amit Anand and Anurag Srivastava with a $10 million debut fund, it is now Singapore's largest independent VC investing across Southeast Asia and India — with over $1 billion in assets under management, a combined portfolio value above $15 billion, and 11 successful exits, per the firm's own disclosures.

The scale-up story. The numbers tell the arc: a $10 million debut in 2012, then growth to $1B+ in AUM within a decade. In May 2022, Jungle closed Fund IV at $600 million — $450 million in the main fund plus $150 million in additional managed commitments — an oversubscribed round backed by returning investors including Temasek, IFC, FMO and DEG alongside new global LPs such as Mizuho Bank and StepStone Group. That made Jungle the first independent, Singapore-headquartered VC firm investing across the region to cross the billion-dollar AUM milestone.

The thesis. Jungle's philosophy is 'build to last': invest across multiple rounds to form committed partnerships with early-to-growth-stage companies, then help them scale into regional or global category leaders. It works across three macro themes — digital brands for young Asian consumers, technology platforms for Asian SMEs, and disruptive tech with global potential. Sector-agnostic across B2C and B2B, the fund's concentrated-portfolio approach produced Kredivo, Livspace and Moglix — all three seed-to-unicorn investments — plus category leaders like Pomelo, Sociolla, RedDoorz, Turtlemint, Builder.ai, BookMyShow and Atomberg.

The program. First Cheque@Jungle is the firm's seed-stage initiative for India and Southeast Asia. It writes a minimum of $2 million per company — 50% as equity and 50% as a no-cap convertible note, a structure designed to limit early dilution while still giving founders meaningful capital. Rishab Malik was elevated to Partner, Seed Investments to lead the initiative, supported by venture builders including Livspace co-founder Ramakant Sharma and PaySense co-founder Sayali Karanjkar. Beyond the programme, Jungle typically invests between $500K and $20 million per company, and has written follow-on cheques of $30–40 million in select winners across rounds.

Team and support. The firm is led by founding partners Amit Anand and Anurag Srivastava alongside Managing Partners David Gowdey, Yash Sankrityayan, Sandeep Uberoi and Manpreet Ratia. The value-add pitch is operator depth: an experienced network of operators and advisors who work with founders on strategy, regional expansion and leadership — from first-time founder to CEO — which is especially relevant for the region's many young startups.

Perks and how to approach. No credits or perks are publicly disclosed. Jungle is open to founders even after an angel or friends-and-family round, and commits to a decision process of two to four weeks, with interest communicated within two weeks. Founders reach out through the firm's website contact page.