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Your First Cheque

Kredivo, Livspace, Moglix - these are household names in India & Southeast Asia. Our first cheque and countless hours together in the trenches helped catapult these ideas into category-defining businesses, shaping their remarkable journeys from day one and giving us incomparable learnings on enabling leading founders from the region.

Today’s founders are reaching for even more audacious goals, navigating a more complex environment, and striving to build companies that not only scale fast, but are built to last! What they need from their first investor is clear:

  • A partner who matches their ambition and drive at every step
  • 1:1 focus from seasoned Partners at the firm
  • An anchor capital provider relationship for multiple early-stage rounds
  • Respect for their experience and ambition in the amount and terms of investment.


Boosted companies

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.

You are all in, and so are we.

First Cheque@Jungle introduces a first-of-its-kind investment structure that ensures right-sized early-stage capital to go after big ideas but with limited early-stage dilution. The firm will invest a minimum of $2M as,

  • 50% in equity and
  • 50% as a no-cap convertible note.

The firm is also committed to leading or co-lead subsequent Series A funding rounds, without any need for follow-on funding from other investors (although we welcome the same), with investments ranging from $5M to $10M per company. We don’t need anyone but you and us to decide if we are building something to last here and we will demonstrate it with our continued capital commitments.

You are the best and deserve the best Jungle has to offer.

Our approach is far from conventional. We value your time as much as our own, which is why we skip the one-size-fits-all cohort-based approach, byte-sized funding, and classroom lectures on business building. From day one, we dive straight into business, focusing on what truly matters, on a one-on-one basis.

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 we 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.

First Cheque team
Rishab Malik
Rishab Malik
Partner, Seed investments
Amit Anand
Amit Anand
Founding Partner
Anurag Srivastava
Anurag Srivastava
Founding Partner
David Gowdey
David Gowdey
Managing Partner
Yash Sankrityayan
Yash Sankrityayan
Managing Partner, SE Asia investments
Manpreet Ratia
Manpreet Ratia
Managing Partner, Portfolio Success

You will also work closely with founders from some of our leading portfolio companies. Joining us on this journey as Venture Builders, they will collaborate with you in the trenches, sharing their most recent operating insights and invaluable networks, especially regarding early-stage product and team building.

Interested?

Just write to us at firstcheque@jungle.vc. The team reviews opportunities continuously, and invitations for meetings and decisions will also be extended on an ongoing basis.

Our approach is far from conventional. We value your time as much as our own, which is why we skip the big demo days, classroom lectures, and seminars. From day one, we dive straight into business, focussing on what truly matters.

This is a strategy. We possess a sharp eye for recognising the potential of powerful ideas and are officially going bullish on investing in them.

This is not
a program

When you receive your first cheque from us, you become an integral part of Jungle portfolio. You gain access to our extensive network, our dedicated team, and the same pool of investors that support all other Jungle founders.

This is not
a separate fund

This is not where we “experiment” or employ a deal flow generator or spray and pray approach. We are long-term investors and we stay with our companies through multiple rounds of funding. Our goal is to nurture and grow businesses that have the potential to make a lasting impact.

This is not
our testing ground

All our First Cheques@Jungle

Meet some of our earliest and most recent ideas to seed stage partnerships:

Rahul Garg
Founder and CEO
India
South Asia’s largest MRO (manufacturing, repair and operating supplies) procurement provider
Akshay Garg
Co-founder and CEO
India
SEA's leading digital financial services provider
Anuj Srivastava
Co-founder and CEO
Singapore
Largest home interiors and renovation platform offering a design-to-manufacturing cloud service
Patrick Barnes
Co-founder and CEO
Australia, Singapore
SaaS company to scale and empower ecommerce businesses
Tarun Katial
Co-founder and CEO
India
Web3 and AI-powered community platform for women-centric communities
Son Nguyen
Founder and CEO
Vietnam
High-performance mass market EV OEM in Southeast Asia
Parag Khanna
Founder and CEO
Singapore, USA
AI-powered analytics platform for real-estate, financial services and tech industries
Achmad Alkatiri
Founder and CEO
Indonesia
Leading house of lifestyle brands in SEA
Damien Dugauquier
Co-founder and CEO
Singapore
Cross-border global payment solutions provider for financial service providers
Remi Ducrocq
Co-founder and CEO
Thailand
B2B e-commerce and product content solutions provider for manufacturers and technical distributors
Duc Anh Ngo
Founder and CEO
Vietnam
Vietnam’s leading one-stop healthcare and insurance coverage platform
Sze-Yunn Pang
Co-founder and CEO
Singapore
Deep neuroscience and brain capital company aiming to optimise brain performance, health and longevity
David Jou
Founder and CEO
Thailand
Leading international online fashion store for women
Amit Saberwal
Founder and CEO
Indonesia
Largest and fastest-growing budget accommodation provider in South East Asia
Shagufta Anurag
Founder and CEO
Singapore, US
Enterprise-design cloud system for intelligent workplace planning and design
Henry Nguyen
Executive Chairman
Vietnam
First and leading digital bank in Vietnam
Henry Nguyen
Executive Chairman
Vietnam
First and leading digital bank in Vietnam
Hear from our founders
Investment Process & Terms
Does Jungle invest in ideas?
What are Jungle’s key criteria for early-stage investments?
Can I discuss multiple ideas with you to evaluate them?
Does Jungle focus on specific sectors or categories?
Can I pitch my business if I’ve already raised funds and have a product and customers?
What is Jungle’s first cheque size?
Are there ownership requirements for your first cheque?
Can other VCs & angels participate alongside Jungle’s first cheque?
How do I reach out to get the process started?
What is your investment process?
How long does your decision-making process usually take?
In which areas will Jungle typically provide support and get involved?
Do you participate in follow-on rounds?
Would you consider investments in Series A or B rounds?