3one4 Capital raises Rs. 1000 Cr for third flagship fund
Investor 3one4 Capital has raised Rs. 1,000 crore for its third flagship fund from domestic and international institutional investors. The firm started raising capital for this fund in 2020.
Investors of Fund III include CDC Group Plc., the Japan-India Fund-of-Funds-Nippon India Digital Innovation AIF (NIDIA), KRAFTON, Inc, along with Catamaran and Premji Invest.
3one4 Capital founding partner Pranav Pai stated “This is a combination of performance and the efforts that we have taken on the governance front and obviously the macro environment has been positive. Our startups have become larger, we have had our first unicorn and we’ll have more unicorns next year. On the governance front, we are now the first approved UN PRI signatory from India.” He added, “What has changed this year obviously is we have a record surge in liquidity, we have a record surge in VC investment in India and we have a record allocation of global pools of capital into the India strategy. All this has meant the Indian VC firms are now in demand.”
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