Wednesday, November 29, 2023
HomeInsightNews & UpdateJungle Ventures Launches "First Cheque@Jungle" Program to Back Early-stage Startups

Jungle Ventures Launches “First Cheque@Jungle” Program to Back Early-stage Startups

First Cheque@Jungle, a programme to invest at least $2 million as seed funding in early-stage startups, has been launched by Singapore-based Jungle Ventures.
Rishab Malik, partner and Amit Anand, founding partner- Jungle Ventures

First Cheque@Jungle, a programme to invest at least $2 million as seed funding in early-stage startups, has been launched by Singapore-based Jungle Ventures.

First Cheque@Jungle offers a unique investment structure that guarantees the right amount of early-stage capital to pursue big ideas while limiting early-stage dilution. A minimum of $2 million will be invested by the company as a no-cap convertible note and 50% in equity.

Read also – [Funding alert] InsuranceDekho Raises $60 Mn in Series B Round

The firm is also dedicated to leading or co-leading subsequent Series A funding rounds, with investments ranging from $5M to $10M per business, without the need for follow-on funding from additional investors.

“These are happening because most funds are using the US venture model and taking 25-30% ownership upfront and putting the startups through some sort of a programme and accelerator in classroom style coaching. Eventually, these companies are asked to fetch for themselves,” Jungle Ventures founding partner Amit Anand said.

Read also – [Funding alert] E-commerce firm Meolaa Secures $2 Mn in Seed Funding

With a strong focus on delivering unparalleled access to early-stage business building experience, all First Cheque@Jungle investments are led only by the most experienced Partners of Jungle.

Collectively they bring over 200+ years of operating experience in the region, have partnered with more than 45 Founders in sectors as diverse as consumer brands & platforms, B2B and Software, and have created more than $12B in enterprise value with over $2.9B in follow-on capital raised.

Jungle Ventures makes investments in early- to growth-stage startups in India and Southeast Asia. Among Indian startups in its portfolio are Moglix, Livspace,, and Atomberg.

Read also – [Funding alert] iSprout Secures Rs 40 cr from Vivriti Asset Management

First Cheque@Jungle is sector-agnostic and invests from idea to seed stages across India and Southeast Asia. 

About Jungle Ventures

The Singapore-based venture capital firm Jungle Ventures makes investments in companies that are either regional or global leaders in their respective technology categories.

Jungle invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SME’s adopt technology, and disruptive technology ideas with global potential.

Read also – Clensta Appoints Sandeepa Dhar as Brand Ambassador for its Skincare range

About First Cheque@Jungle

First Cheque@Jungle – a bespoke program for partnering with seasoned operators at ideas, pre-seed, and seed stages. First Cheque@Jungle is based on two core concepts – Focus on only a few exceptional teams with bold ideas at any given time and a sizeable first cheque with no minimum ownership criteria.

- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -