Jungle Ventures targets two IPOs a year from its portfolio

The early-stage VC firm is preparing startups such as Moglix and Livspace for public markets while closing in on a fifth fund that will push its India bets past $1 billion.

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Early-stage investor Jungle Ventures is preparing its next cohort of portfolio companies to go public over the coming 18-24 months. A backer of companies such as Livespace, Moglix and Turtlemint, among others, it aims to take two companies public each year, a senior company official said.

About the Author

Sneha Shah is the editor for deals and startups at Mint. Starting off her career in India’s financial capital as a cub reporter for the Mid-day newspaper in the mid-2000s, she later moved on to decode balance sheets and follow the money trail for some of the leading pink publications in the country. She has been covering India’s deals ecosystem for nearly two decades now, closely tracking private- and public-market funding, startups, private equity, venture capital, and investment banking.

From breaking some of the biggest deal stories of the past to doing some incisive deep-dives into the latest trends and turnarounds in the industry, she has witnessed the phenomenal growth and transformation of the country’s investment ecosystem from really close quarters. A graduate in journalism, she has worked with The Economic Times, Financial Chronicle, VCCircle and Mid-Day before starting her second stint at Mint in 2022. As a keen observer of India’s startups ecosystem, she aspires to write a book some day, chronicling some of the most inspiring stories the industry has seen so far in its remarkable journey.

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