Jungle Ventures | Pixr8 News

Jungle Ventures invests in BookMyShow’s Southeast Asia Business

3Dec By PriyankaNo Comments

FUNDING

Jungle Ventures invests in BookMyShow’s Southeast Asia Business

Bigtree Entertainment Singapore Pte Ltd, which owns and operates BookMyShow's South East Asia business said Singapore-based Jungle Ventures has invested in the company. The company however, did not disclose the financial details of the transaction. The capital will be used to strengthen BookMyShow SEA's technology operations and grow its capabilities to cater to the rising entertainment demands in the Southeast Asian region, a company statement said. With this first external fund raise for the firm's Southeast Asian business, BookMyShow SEA will shift its headquarters to Singapore, it added. Pursuant this investment, BookMyShow SEA aims to expand its geographic footprint across the Southeast Asian market to become the leading out-of-home entertainment platform for the region, t...

30Oct By PriyankaNo Comments

FUNDING

Jungle Ventures Raises $240 Million

SINGAPORE, Oct. 29, 2019-- Jungle Ventures, one of Southeast Asia's largest early-stage venture capital firms closed its third fund Jungle Ventures III. The firm raised a total of $240 million, which includes $40 million raised in separately managed account commitments, for investments in innovative technology and digital-driven consumer businesses across Southeast Asia. Jungle raised more than double the amount of its previous fund, Jungle Ventures II (2016), with nearly 60% of committed capital coming from outside Asia. More than 90% of the capital came from institutional investors spanning North America, Europe, the Middle East, and Asia, with new investors accounting for nearly 70% of the fundraising, and returning investors for the rest. Investors range from endowments, fund...

Ratan Tata Backed Moglix Raises Rs. 28 Crore From Accel Partners, Jungle Ventures and SeedPlus

4Oct By AdityaNo Comments

FUNDING

Ratan Tata Backed Moglix Raises Rs. 28 Crore From Accel Partners, Jungle Ventures and SeedPlus

Leading B2B e-commerce company Moglix specializing in procurement of industrial products has announced that it has raised Rs. 28 crore in Series A round of funding led by Accel Partners with participation from Jungle Ventures and SeedPlus. Founded in August 2015, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe. Moglix has raised Pre-Series A funding from Accel Partners and Jungle Ventures in October 2015 and an undisclosed financial investment in the company by Ratan Tata in February 2016. Moglix caters to over 20,000+ SME buyers and 100+ large manufacturing houses through their platform. The funds will be deployed to expand operational footprint across major industrial hubs, increase the SME customer base by...

29Aug By AnkitaNo Comments

FUNDING

Livspace Raises Rs 100 Cr Series B Funding From Existing Investors

Online home design company Livspace today said it has raised Rs 100 crore from existing investors in a second strategic round (Series B) of funding. The round was led by Bessemer Ventures Partners and saw participation from Jungle Ventures and Helion, Livspace said in a statement here. The funds will be used to launch services across cities -- Noida, Gurgaon, Mumbai in 2016 and Pune, Hyderabad in the first half of 2017, it added. This round of funding comes close on the heels of the company's launch of its Home Design Automation Platform. "With this round of funding we will aim to reach revenue of USD 100 million by the end of 2017 and achieve operational profitability across cities," Anuj Srivastava, CEO and Co-founder of Livspace, said. Founded by Srivastava and Ramakant Sharm...