Singapore based early-stage VC firm Jungle Ventures has made its first close of the third fund at $175 million.
International Finance Corporation, DEG – Deutsche Investitions, Cisco Investments, and Temasek Holdings are the major investors of Fund III. The fund size may increase to $220 million. Seven years old firm has made several bets on startup based out of India namely Livespace, Moglix, Milaap, Vayana Network and Engineer.ai. (Source)
