Jungle Ventures Closes Fourth Managed Fund Worth 8,8 Trillion Rupiah

Jungle Ventures closed its fourth managed fund (Fund IV) worth $600 million or around 8,8 trillion Rupiah. This funding brings the total Assets Under Management (AUM) under management Jungle Ventures exceeded $1 billion or 14,6 trillion Rupiah.

Based on its official statement, Fund IV is said to be experiencing excessive demand (oversubscribed) from the initial target of $350 million. More than 50% of funding is injected by investors Existing, including Temasek, International Finance Corporation, FMO, DEG, as well as new global investors, such as StepStone Group.

Meanwhile, of the total funding obtained, $450 million is the main investment, while the remaining $150 million goes into additional commitments.

Record 100x AUM growth

Jungle Ventures was founded by Amit Anand and Anurag Srivastava in 2012 with an initial funding of $10 million. Since then, Jungle Ventures has recorded 100 times AUM growth in 10 years by adhering to the vision "build to last".

Jungle Ventures seeks to encourage resilient, time-tested, scalable and consistent entrepreneurs in India and Southeast Asia. He said that his portfolio has enterprise values over $12 billion with only $250 million invested and a loss ratio of less than 5%.

Jungle Ventures has invested in a number of business verticals, ranging from digital banking, social commerce, Web3, to SaaS. His investment thesis is a technology-based business idea that capital-efficient that can accommodate the needs of consumers and SMEs. It also targets companies that are established in Asia and want to develop on a global scale.

Some of Jungle Ventures' portfolios in Indonesia include Kredivo, Sociolla, Evermos, Hypefast, and Waresix. Kredivo including one of the portfolios that received early stage funding (seed) from Jungle Ventures to reach status unicorn.

Investment focus

Jungle Ventures Founding Partner Amit Anand said: "We have helped the portfolio achieve business growth and regionalization to lead the world's vast and fast-growing consumer market.

"With Fund IV, Jungle Ventures aims to strengthen this position while continuing its 'concentrated portfolio' approach, projecting 15-18 investments in India and Southeast Asia," said Anand.

To realize this target, Jungle Ventures continues to develop its talents. Recently, Jungle Ventures has promoted Yash Sankrityayan, Sandeep Uberoi, and Manpreet Ratia as Managing Partners at the company, joining Jungle's leadership ranks, consisting of David Gowdey, and Founding Partners Amit Anand and Anurag Srivastava.

In interview with DailySocial.id In 2020, Amit Anand revealed that he will take a consolidated portfolio investment approach with the agenda of helping direct leadership development, providing long-term capital, as well as assisting balance sheet management, joint investment, and strategic partnerships.

"We believe that technology can connect people between cities and countries while still adapting to their culture. We invest in founder who have the same vision in connecting this digital economy to overcome limitations in business models and market share," he said at the time.