Jungle Ventures Launches First Cheque@Jungle to invest in early-stage startups

Singapore-based venture capital firm Jungle Ventures today announced the launch of First Cheque@Jungle, a programme aimed at partnering with seasoned operators at idea, pre-seed and seed stages.

Investing $2 million in startups

Through First Cheque@Jungle, Junge Ventures said it will invest a minimum of $2 million, divided as 50% in equity and 50% as a no-cap convertible note, in idea to seed stages across India and Southeast Asia.

Moreover, The Singapore-based firm will lead or co-lead subsequent Series A funding rounds, with investments ranging from $5 million to $10 million in a startup, without the prerequisite of follow-on funding from other investors.

What is the aim of First Cheque@Jungle?

In addition to providing capital, The program aims to offer a platform where emerging startups can gain access to mentorship, strategy development, and growth support, particularly in the realm of energy management.

The program intends to grant startups access to early-stage business development resources and guidance. The experienced partners at Jungle Ventures will lead the program, utilizing their collective knowledge to assist startups in navigating through their initial development stages and realizing their potential.

Startup founders to join the investment team

Jungle Ventures's current and former portfolio startup founders, such as Ramakant Sharma of Livspace, Sayali Karanjkar of PaySense and Cameron Priest of TradeGecko, will join the investment team and will offer their operational insights and networks to assist with early-stage development and team building. 

Jungle Ventures is a venture capital firm that invests in early to growth-stage startups in Southeast Asia and India. Kredivo, Moglix, Livspace, Builder.ai, and Atomberg, are some of its portfolio startups.

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