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Jungle Ventures launches FirstCheque@Jungle to invest $2-M in early-stage cos

Economic Times  

Singapore-based Jungle Ventures has launched First Cheque@Jungle, a programme to invest at least USD 2 million as seed funding in early-stage startups. As part of the programme, the venture capital firm would seek 50% of the investment as equity and the remainder in no-cap convertible notes. Jungle Ventures has also committed to lead or co-lead subsequent Series-A funding rounds of USD 5-10 million in these startups with or without any other investor. Jungle Ventures invests in early- to growth-stage companies in Southeast Asia and India. Its portfolio includes Moglix, Livspace, Builder.ai and Atomberg among Indian startups.