Singapore-based Jungle Ventures has launched First Cheque@Jungle, a programme aimed at partnering with seasoned operators at idea, pre-seed and seed stages.
Through First Cheque@Jungle, Junge Ventures 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.
The Singapore-based firm will also 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.
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.
Startup founders, such as Ramakant Sharma of Livspace, Sayali Karanjkar of PaySense and Cameron Priest of TradeGecko, will join the investment team.
They 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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