Singapore-based early stage venture capital fund, Jungle Ventures, has appointed David Gowdey, as a Managing Partner. The VC firm already has Anurag Srivastava, Amit Anand and Jayesh Parekh as the present managing partners.
The fund recently also roped in Ratan Tata, Chairman Emeritus of the Indian Conglomerate, Tata Sons, as a Special Advisor.
David, who was earlier with Venture Capital & Private Equity firm TPG Capital will lead Series A and B stage investments at Jungle, with a focus on the consumer internet sector.
Amit Anand, Co-founder and Managing Partner Jungle Ventures said, “I am excited to have David join us in this journey of building Jungle into being the preferred investor by leading entrepreneurs in Asia. Our vision has always been to invest and help build regional and global tech category leaders from Asia and David’s many years’ of experience in the tech space and deep network around the globe make him a great asset to Jungle and our portfolio companies.”
As a partner in Jungle Ventures, David Gowdey, brings over 16 years of experience in investing and working with internet companies in both mature and emerging markets. His experience will provide deep expertise to Jungle’s portfolio companies in key areas such as strategy, marketing, product management and recruiting, particularly in the early stages, to support high growth ventures in consumer internet and enterprise technology.
However, David will continue to represent TPG as a member of the board of directors of Propertyguru, the largest online real estate portal in SE Asia.
David Gowdey said, “Over the last few years, startups in the region have had unprecedented access to early stage or seed funding, which has resulted in an explosion of new companies and innovation in the region. I believe there is currently a tremendous opportunity to build a world-class venture capital platform and create something quite unique in the Asia Pacific region. Jungle, with its focus on being a truly value-added investor, has set themselves apart from other funds and I am excited to be joining the team.”
Jungle Ventures was launched with a $10 Mn seed-to-early stage fund in 2012 and is planning to close its second South Asia focused fund now.
The VC firm has already made investments in 30 leading Asian startups, including the likes of Zipdial (recently acquired by Twitter), LiveSpace, Tradegecko, CrayonData, Fastacash and travelmob (acquired by Nasdaq listed HomeAway).
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