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Amit Anand
Founding Partner & Managing Director at Jungle Ventures
Amit Anand is a prominent figure in the venture capital landscape, serving as the Founding Partner and Managing Director of Jungle Ventures, which is recognized as Singapore's largest independent venture capital firm. Under his leadership, the firm has significantly expanded, managing over $1 billion in assets—a remarkable 100-fold increase since its inception in 2010. Anand has played a crucial role in nurturing early-stage companies, having guided several startups to unicorn status, including Moglix, Kredivo Group, Livspace, and Builder.ai.123
In June 2023, Amit was accepted into the Aspen Finance Leaders Fellowship, becoming the first fellow from the venture capital community in Singapore and the broader India & Southeast Asia region. This fellowship is designed for leaders in finance who have demonstrated significant success and are committed to driving positive change in the industry and society.14 As part of this program, he joins a global network of values-based leaders dedicated to addressing urgent societal challenges through innovative financial practices.4
Anand's extensive experience spans over 25 years in South and Southeast Asia, where he has been instrumental in developing the region's venture capital and technology sectors. He has held various leadership roles, including Vice Chairman of the Business Angels Network of Southeast Asia (BANSEA) and has worked with numerous founding teams across India, Indonesia, and Vietnam.235 Additionally, he is a Kauffman Fellow and has served on advisory councils related to ethical AI use in Singapore.35
Anand's educational background includes a Bachelor's degree in computers from Mumbai University and an advanced postgraduate program from the National Centre for Software Technology in India.5 His commitment to fostering innovation and supporting entrepreneurs positions him as a key player in shaping the future of venture capital in Asia.
Highlights
Together with Mohan Belani, I will be closing out Day 1 of #EchelonX with a conversation on the seed-to-unicorn journeys in Jungle's portfolio. Kredivo Group, Moglix, Livspace, and most recently Builder.ai are the four unicorns in our portfolio. A little-known fact is that we underwrote our cheques when these companies were in nascent stages in their categories! They have grown from local-only to become regional and global stars.
We have packed years of learnings from our journeys with these companies and their founders. Please do join the session and do also let me any topics you'd like me to touch on or questions you have in the comment box below in advance.
Big thanks to Mohan Belani again for the invite, and I look forward to connecting with all of you at #EchelonX.
Jungle Ventures #builttolast
“Tell them you don't want to take the meeting because you are not fund raising at the moment.”
This is the most counterproductive “value-add” I have seen investors give to their portfolio companies. This is often justified by pointing towards limited bandwidth or risk of creating a perception with new investors when certain aspects of the business are still WIP.
In the last decade or so of building Jungle, I have taken ALL limited partner meetings irrespective of where we were in our journey or what the investor profile was. I think I have done more than 1000 investor meetings to-date and am yet to feel that it was not worth my time. To the contrary I have seen many obvious and then some really interesting benefits of doing so consistently,
1. Relationships Matter: Just like maintaining friendships, building rapport with investors takes time. You don't want to be that person who only shows up when they need something. Our strongest partnerships at Jungle are investors we met when we were not fund raising!
2. Market Insights: Investors often have their fingers on the pulse of various industries. Even if you're not actively seeking funds, a coffee chat could provide invaluable insights into market trends, competitor analysis, or even potential partnership opportunities. A lot of the things we did right at Jungle came as learnings from investor meetings that didn’t result in investment in Jungle!
3. Practice Makes Perfect: Pitching your startup is a skill, and like any skill, it needs practice. Taking meetings with investors, even when you're not fundraising, gives you a chance to refine your pitch, clarify your vision, and maybe even add a little extra sparkle to your storytelling. It's like rehearsing your Oscar acceptance speech in the mirror – you never know when you might need it!
4. Brand building: Get the word out there. Even if someone doesn’t invest in your idea, your goal with every meeting should be to convert them into the fiercest advocate for you. While you are busy building the business heads down, you need an army of well wishers out there building the brand for you!
#builttolast Jungle Ventures Menka SajnaniAlvin TanManpreet Ratia
