Jungle Fund III (IFC-41499)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
JUNGLE VENTURES III LP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2018

Disclosed by Bank Jul 18, 2018


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Project Description

According to IFC, "Jungle Ventures Fund III, L.P. is targeted to be a $150 million Venture Capital (VC) fund focusing on investments in Southeast Asia. The Fund aims to invest primarily in companies within the consumer internet, fintech and Business-to-Business (B2B)/Small and Medium Enterprises (SME) digitization verticals."

Investment Description
  • International Finance Corporation (IFC)
Private Actors

IFC stated that the General Partner of Jungle Fund III is Jungle Partners III L.P. The Fund will be managed by Amit Anand, Anurag Srivastava and David Gowdey.

Contact Information

Jungle Partners III L.P.
Amit Anand
Managing Partner
+6591680407
amit@jungle-ventures.com
#09-02A, China Square Central, 18 Cross Street, Singapore 048 423
http://www.jungle-ventures.com 


ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/