Singapore-based early stage investor Jungle Ventures, known for its active investment practice in India with three out of the four managing partners of Indian origin, is raising $100 million in its second venture capital fund, as per a regulatory filing with SEC.
This would be a big jump for the VC firm that had launched a $10 million seed-to-early stage fund in 2012.
Jungle Ventures invests in technology-oriented startups in South and Southeast Asia. Its portfolio includes: Tradegecko, Travelmob (acquired by NASDAQ -listed HomeAway), Fastacash and Crayondata in Singapore; India-based Zipdial (acquired by Twitter), Livspace and Pokkt; Malaysia-based iMoney and CatchThatBus; Thailand-based Pomelo Fashion and Australia-based Edrolo.
In India it has also invested in Commeasure, which runs a B2B platform helping hotels develop their direct booking systems and in January, the fund invested in Social Audience Pvt Ltd, a company behind the data intelligence startup Tookitaki.
Last month the VC firm roped in former TPG Growth executive David Gowdey as a managing partner. With this, the company now has a team of four managing partners led by co-founders, Anurag Srivastava and Amit Anand as well as Jayesh Parekh, co-founder of Sony Entertainment Television India, who joined the firm in 2013.
It had also appointed Tata Sons’ chairman emeritus Ratan Tata as special adviser in July. Tata joined the likes of Gokul Rajaram (product engineering lead at Square), Lim Dershing (founder of JobsCentral), Alon Sobol (director of ISP/ Telco Relationships for Spotify) and others who are existing advisers to Jungle.