Jungle Fund V (IFC-50199)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Specific Location
Southeast Asia and India
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 17, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Jungle Ventures V, LP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 12, 2025

Disclosed by Bank Sep 4, 2024

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, Jungle Ventures V, L.P. (“Jungle Fund V” or “the Fund”) is targeted to be a US$500 million venture capital (“VC”) fund focused on Southeast Asia and India. The Fund aims to invest in high-growth companies in the consumer, business-to-business (“B2B”), and software sectors.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The proposed project has been categorized as FI-2 in accordance with IFC's Sustainability Policy. The project is an equity investment in Jungle Ventures V, L.P., a venture capital fund focused on Southeast and India. The fund aims to invest primarily in the internet-driven consumer, fintech, B2B, health-tech, and SME digitization sectors. The fund has not made any portfolio investment yet. Its current prospective pipelines include companies involved in consumer goods supply, B2B internet platforms, consumer financing, and healthcare activities. To align with IFC's requirements, the fund will be required to exclude any coal-related activities or higher-risk activities (a) involuntary resettlement; (b) potential adverse impacts on Indigenous Peoples; (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; (d) risk of significant retrenchment or (e) significant occupational health and safety risks. The main E&S risks and impacts of the project are associated with the activities of the fund's investees. These risks and impacts, which are medium and can be managed through proper mitigation measures consistent with the IFC’s Performance Standards (PSs) and World Bank Group Environmental, Health and Safety Guidelines , are expected to be site-specific and may typically include issues related to labor and working conditions, occupational health and safety, pollution, waste and wastewater management, as well as the risks of gender-based violence, particularly in the case of healthcare facilities.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

IFC proposes an equity investment of up to US$30 million in the Fund, not to exceed 20% of the Fund’s total capital commitments. In addition, a US$20 million co-investment envelope is proposed to invest alongside the Fund.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The General Partner of the Fund is Jungle Partners V Ltd. The Fund will be managed by Jungle Ventures Pte. Ltd (“the Fund Manager”). The Fund Manager is led by Managing Partners, Amit Anand, Anurag Srivastava, David Gowdey, Yash Sankrityayan and Manpreet Ratia.

Jungle Ventures is one of Southeast Asia's largest independent venture capital firms based in Singapore.

 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Jungle Ventures Pte Ltd
Amit Anand
Managing Partner

amit@jungle.vc
One George Street #07-02 Singapore 049145
https://www.jungle.vc/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works