Jungle Ventures Announces Closure Of $600 Mn Fund IV For India and SEA

Singapore-based investment (VC) firm Jungle Ventures has reported the conclusion of its Fund IV at $600 Mn to continue backing early-stage startups in Southeast Asia and India, amid a market rout pummeling valuations of tech companies.

Jungle Ventures Announces Closure Of $600 Mn Fund IV For India and SEA

The asset will comprise of $450 Mn in the principal reserve and $150 Mn in extra overseen responsibilities. With this asset, Jungle Ventures will have absolute resources under administration (AUM) at $1 Bn and the VC firm said that it was the primary autonomous Singapore-based VC firm to arrive at this achievement.

As it turns out, Fund IV was initially designated at $350 Mn, with support from existing financial backers like Temasek, IFC, FMO, and DEG. Alongside these, new financial backers like Mizuho Bank Ltd. furthermore, StepStone Group additionally dedicated to the asset.

Established in 2012 by Amit Anand and Anurag Srivastava, Jungle Ventures was sent off with a $10 Mn debut reserve. The VC firm has said that it will make around 15-18 ventures across new companies situated in India and Southeast Asia from Fund IV.

The VC firm has an arrangement of organizations with a venture worth of more than $12 Bn, contributing around $250 Mn. A portion of the new companies that structure a piece of Jungle's portfolio incorporate Livspace and Moglix, the two Indian unicorns. Jungle Ventures had been a beginning phase financial backer in the two of them.

Aside from the two unicorns, Jungle Ventures additionally has as of late upheld any semblance of HRTech startup inFeedo and common labor force the executives stage Betterplace, the last option. Different speculations made by Jungle incorporate any semblance of edtech startup Leap and insurtech startup Turtlemint, among others.

Jungle Ventures as of now has sincerely committed to responsibilities from the new asset, including Vietnam-based advanced financial startup Timo and Indian D2C buyer hardware startup Atomberg. The previously mentioned inFeedo was likewise a speculation produced using the new asset.

The principal close of Fund IV came in September 2021, when Jungle Ventures raised $225 Mn from existing financial backers, including Temasek Holdings Pte, International Finance Corporation and German improvement finance organization DEG.

In terms of exits, he said that Jungle Ventures has made a gross 40% internal rate of return (IRR) across all the funds via mergers and acquisitions (M&A) and secondary sales. He added that he expects exits via initial public offering (IPO) to happen in the coming years as its portfolio companies have reached scale.