A91 Partners aims to raise $700-750M for largest fund yet
- ByStartupStory | March 11, 2024
Homegrown investment firm A91 Partners, known for backing companies like Digit Insurance and HealthKart, is in the process of raising its largest fund yet, aiming for $700-750 million.
According to sources, “A91 has expressed to its LPs that they are aiming to raise their third fund at $700-750 million… They will launch and market the fund after a few months.”
Founded in 2018 by former Sequoia Capital India partners, A91 initially raised $350 million for its maiden fund, followed by $550 million for its second fund three years later. The firm focuses on investing in technology, consumer, and financial services companies. With half of the capital from its second fund already deployed across nine companies, A91 is expected to close more deals soon.
“Their strategy is to keep backing capital-efficient, growth businesses across sectors. The cheque sizes may go up once the new fund is raised and starts to get deployed later this year,” one source commented.
A91’s portfolio includes companies like Sugar Cosmetics, Exotel, and Giva, with Digit Insurance likely to go public this year.
Follow Startup Story
Related Posts
