Jungle Ventures

Founded in Singapore in 2010, Jungle Ventures is a venture capital firm focused on early to growth-stage technology companies in Southeast Asia and India. With over $1 billion in assets under management, the firm partners with founders to build long-lasting businesses, supporting their growth from seed to IPO stage.

Karissa Adelaide

Vice President

Amit Anand

Founding Partner and Managing Director

Arpit Beri

Principal

Lokesh Borkar

Analyst

Vaibhav Jain

Analyst, Pre-Seed Investments

Past deals in FMCG

KisaanSay

Pre Seed Round in 2025
KisaanSay is a grocery brand that specializes in sourcing and selling food products directly from farmers. The company works closely with farmer collectives in diverse regions, ensuring products are grown, minimally processed, and packaged at their origin. This approach allows consumers to enjoy authentic, single-origin products while supporting local farmers and preserving regional agricultural heritage.

NIC Ice Creams

Series C in 2024
NIC Ice Creams is a food company that sells ice cream in a variety of flavors that range from fruit and dry fruit varieties like tender coconut, alphonso mango, dry fruit overload, and roasted almonds to international flavors like French vanilla, Madagascar chocolate, and Mediterranean sea salt caramel, as well as ones that are influenced by Indian sweetmeats like gulab jamun, sheer khurma, til-gud, and gajar halwa.

Walko

Venture Round in 2024
Walko Food Company owns the fast-growing natural ice cream brand NIC. The company operates a manufacturing plant in Pune and retails in over 50 cities across India, via multiple sales channels like food delivery platforms, Modern Trade, Parlors. The ice cream flavors range from fruit, dry fruit variants to international tastes like sea salted caramel, Madagascar chocolate, French Vanilla, and the ones inspired by Indian sweetmeats like Gulab Jamun, sheer khurma, til gud, gajar halwa to name a few. The company has also recently launched the desi kulfi brand GRAMEEN.

Walko

Venture Round in 2023
Walko Food Company owns the fast-growing natural ice cream brand NIC. The company operates a manufacturing plant in Pune and retails in over 50 cities across India, via multiple sales channels like food delivery platforms, Modern Trade, Parlors. The ice cream flavors range from fruit, dry fruit variants to international tastes like sea salted caramel, Madagascar chocolate, French Vanilla, and the ones inspired by Indian sweetmeats like Gulab Jamun, sheer khurma, til gud, gajar halwa to name a few. The company has also recently launched the desi kulfi brand GRAMEEN.

Off Meat

Seed Round in 2022
Off Foods produces plant-based meat that it distributes to various restaurants. Sales of its flagship product – a chicken-like protein called Off Meat – have grown by 10x since its establishment, according to a company statement.

Believe

Series C in 2022
Believe Pte Ltd. is a global conglomerate based in Singapore that specializes in the manufacturing of personal care and beauty products. The company focuses on delivering market-ready solutions by closely listening to customer needs and designing products that align with various cultural and lifestyle preferences. Believe is committed to creating personal care essentials, including no-alcohol body sprays, that are hygienically produced and free from harmful chemicals, parabens, and animal-derived ingredients. By combining cutting-edge technology, scientifically validated methods, and traditional knowledge, Believe aims to exceed global standards in the personal care industry while prioritizing consumer health and well-being.

CityMall

Series C in 2022
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

CityMall

Series B in 2021
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

CityMall

Series A in 2021
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

CityMall

Seed Round in 2020
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

SnapBizz CloudTech

Venture Round in 2016
SnapBizz CloudTech Pvt. Ltd., founded in 2012 and headquartered in Bengaluru, India, specializes in developing cloud-based solutions for the fast-moving consumer goods (FMCG) sector. The company provides retail billing software designed to enhance the operational efficiency of kirana stores. Its offerings include snap billing, snap order, and snap inventory management, which streamline the retail process. Additionally, SnapBizz facilitates brand promotion by showcasing offers and discounts while enabling direct communication with customers through SMS notifications. By integrating these services, SnapBizz CloudTech empowers retailers and brands to optimize their business operations and improve customer engagement.

Taggo

Series A in 2013
Taggo operates a social marketing platform tailored for local businesses. It facilitates in-store customer engagement, driving fan acquisition, loyalty, and word-of-mouth referrals through patented fan recognition technology. The platform enhances businesses' social presence by interacting with customers during their shopping or dining experience. Taggo generates revenue by offering sponsorship opportunities to banks, payment brands, and other advertisers seeking to reach local businesses and their customer base.

EkStop

Angel Round in 2012
EkStop is an e-commerce and phone-commerce retailer based in India, focusing on home deliveries of various products, including groceries, household supplies, personal care items, baby care, health care, and stationery. The company aims to establish itself as a trusted and beloved shopping platform by providing exceptional customer service and an innovative shopping experience. Through its call-center retail platform, EkStop facilitates convenient purchasing options for customers, ensuring express delivery of essential goods directly to their homes.
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