Since launching in 2012 with a debut fund of US$10 million ($13.63 million), Jungle Ventures has seen more exits than birthdays.

Profits made from the exits are then used to replenish its war chest and bring in more investors for bigger deals. That was how founding partners Anurag Srivastava and Amit Anand managed to announce a second fund in 2016, 10 times larger than the first, from its Singapore headquarters.

In its third round of funding, Jungle Ventures drew US$240 million from the likes of Singapore’s state investment agency Temasek Holdings, German development finance institution DEG, World Bank Group member IFC, and Bangkok Bank corporate VC fund Bualuang Ventures, among others.

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