Cover Anurag Srivastava of Jungle Ventures

Their ability to identify great potential in startups keeps the world moving forward

More than funding the dreams of entrepreneurs, these leading venture capitalists from Asia’s Most Influential list are propelling innovation in Asia. By encouraging the growth of startups, with the goal of creating long-lasting businesses, they are pushing the development of vital industries like future tech, e-commerce, healthcare, and more. Their ability to identify potential in great ideas and, more important, daring in funding a dream keeps the world moving forward. 

Neil Shen, Hong Kong

Neil Shen, founding partner of Sequoia China, ranks third in The Midas List 2022, Forbes' ranking of the best venture capitalists in the world. Sequoia China, which was founded in 2005, has invested in over 900 companies in the consumer and service, healthcare, industrial technology, and new technology sectors, including Bytedance, the parent company of social media platform TikTok. The company, which is part of Silicon Valley’s Sequoia Capital, has also nurtured a large number of startups to unicorn status.

Shen’s Sequoia China has seen a lot of activity in recent months: It led a Series A funding round of US$148.2 million for auto startup SiEngine Technology and a Series B round of US$160 million in biotech startup Frontera, unveiled a virtual employee named Hóng, and most notably raised a staggering US$9 billion, which will be invested in technology and healthcare. 

Read Neil Shen’s full profile here.

Anurag Srivastava, Singapore

Anurag Srivastava co-founded venture capital firm Jungle Ventures to help build lasting businesses dreamed up by founders in Southeast Asia and India. The Singapore-based company started with an initial fund of US$10 million. Now, with the addition of US$600 million from its latest funding round, it boasts over US$1 billion in total assets under management and a US$12.5 billion combined portfolio value. 

The billion-dollar achievement dovetails with Jungle’s tenth anniversary. In a note published on its website, Srivastava—along with partners Amit Anand and David Gowdey—recounted the company’s journey, highlighting its mission “to stand apart [and] to stand for something” and recommitting itself to its Build to Last philosophy. 

Jungle's portfolio spans fintech, e-commerce, e-vehicles, and more. Its most notable investments include unicorns, consumer lending app Kredivo, home décor and furnishings platform Livspace, and procurement provider Moglix.

Read Anurag Srivastava’s full profile here.

Rachel Lau and Raja Hamzah Abidin, Malaysia

RHL Ventures, co-founded by Rachel Lau and Raja Hamzah Abidin, was reported to be on track to close its Hibiscus Fund at RM300 million (US$71.4 million) by the middle of this year. The fund, which is part of the Malaysian government's Dana Penjana Nasional Programme and co-managed by South Korea’s KB Investment, will focus on tech startups to support the country’s economic recovery.

Established in 2016, the multi-family private investment firm champions SMEs not only in Malaysia but across ASEAN countries. “Malaysia has a great stock of homegrown entrepreneurs behind multi-billion companies such as Nirvana and Top Glove. Our connections with them will help new startups achieve a win-win situation, aside from financial backing,” said Hamzah to Tatler in an interview last year. RHL’s portfolio includes social e-commerce firm RPG Commerce, digital healthcare provider Naluri, and K-beauty hub Althea, among others.

Lau’s investment experience includes roles at Heitman Investment in Hong Kong and Australia and NN Investment Management in the Netherlands. Meanwhile, Hamzah was previously at mechanical and electrical engineering firm Rasma Corporation in Malaysia and Guoco Management Company in Hong Kong.

Read Rachel Lau’s and Raja Hamzah Abidin’s profiles.

Discover the changemakers, industry titans and powerful individuals who are making a positive impact on the region in the Asia’s Most Influential list from Tatler.

© 2022 Tatler Asia Limited. All rights reserved.