We are pleased to announce that Argus Partners advised Singapore-based Jungle Ventures on its investment in Escape Plan, a travel products-focused retail platform. Escape Plan has raised a cumulative USD 25 million as part of its Series A fundraising.
The funding round also saw participation from Fireside Ventures and IndiGo Ventures, the corporate venture capital arm of IndiGo Airlines.
The fresh capital will be used to strengthen Escape Plan’s brand, pricing, and distribution across India and select international markets. The company also plans to deepen its omni-channel presence across metro and other cities, while investing in technology and product innovation to strengthen control across its value chain.
The team at Argus Partners advising Jungle Ventures consisted of Abhinav Bhalaik, Vallishree Chandra (Partners), and Srishti Sneha (Associate).
Read more at: Economic Times, CNBC-TV18, MoneyControl, BusinessLine, YourStory.