Amit Anand is the Managing Partner of Jungle Ventures, an early stage fund based out of Singapore, and also sits on the board of directors for Business Angel Network South East Asia (BANSEA).
With over 14 years of active career in the go-to-market strategies and corporate development for start-ups and corporations, his advice for startups in the region looking to raise funding is…
“Activity by incubators, accelerators, seed funds, angel groups, micro vc’s is at its peak. In addition, pro-entrepreneurship governments like Singapore provide right sized incentives to start working on your business idea with reduced risk of dilution for example. We think the next few years are going to be the Asian seed stage gold rush and it is a great time to start something!
Singapore is proving itself to be a great place for startups that are aiming for cross regional customer base whereas startups in Indonesia, Malaysia, Philippines, and Taiwan are producing some exciting ventures solving very local but rather large problem sets. Overall, Singapore is quite bullish of the region over mid to long term. Travel, Hospitality, Commerce and Digital Media are some of the exciting areas.”
Jungle Ventures decided to look at the Asian market because entrepreneurship and innovation in Asia is coming of age. The company was started in Singapore by partners that have decades of startup and corporate experience in Asia Pacific a year ago.
In addition, they have extensive working relationships with global incubators and venture capital firms such as AngelPad, 500Startups and Accel Partners India.
Some of Amit Anand’s current investments are CinemaCraft.tv, One Animation, Sconce Solutions, Mobikon Technologies.
He is also a mentor at Founders Institute Singapore, Singapore Management University (SMU), Indian Institute of Management (IIM-C), Ideas Inc, X-Media Labs amongst others.
Amit used to write at CNET Asia on India’s technology, mobile and internet landscape. He specialises in venture investments, strategic planning, financial structuring, fund raising, go-to-market advisory and multi-disciple consulting.
His final advice to startups that are aiming to solve global issues is to build teams that have a better understanding of their target markets and have strong distribution insights and connections.
Amit Anand (Managing Director at Jungle Ventures) is one of the awesome speakers at Echelon 2012. This tech conference is a two-day, double-track event on 11 and 12 June 2012 with over 1,100 delegates, a demo pit of up to 50 regional startups per day and various workshops. Get your tickets now!