Jungle Ventures, a venture capital firm based in Singapore, has launched First Cheque@Jungle. It aims to support startups in India and Southeast Asia at the pre-seed and seed stages.
The firm has a diverse portfolio that includes Livspace, Moglix, BookMyShow and Atomberg Technology. Through First Cheque@Jungle, Jungle Ventures will invest a minimum of USD 2 million in companies.
The investment structure includes a combination of equity and a convertible note. Rishab Malik has been appointed as the Partner for Seed Investments to lead this initiative. Jungle Ventures has partnered with over 45 founders across various sectors and also closed a USD 600-million fund for growth investments last year. Other similar initiatives include Peak XV’s Surge program and Accel’s Atoms.
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