3one4 Capital, an early-stage investment firm set up by Pranav Pai and Siddarth Pai, sons of former Infoscion Mohandas Pai, has announced a new $100 million (₹750-crore) early-growth fund.
The firm had earlier closed two funds, a ₹400-crore Opportunities Fund and a ₹45-crore Seed-Stage Fund. Currently, the company has capital to the tune of ₹1,550 crore under its management.
According to the company, the fund currently has subscribed more than 40% of its targeted corpus with commitments from new and existing investors. Fund III comes up within three quarters from its last fund’s closure in December 2019.
“In the current volatile market with subdued investment sentiment, we have been able to attract top-tier global and Indian investors as Limited Partners (LPs). These investors include family offices, endowments, foundations, as well as corporate and financial institutional investors. The deployment of Fund III will continue the firm’s core strategy of building portfolios of 25-30 early-stage startups in each fund,’’ said the company in a release.
The new fund would focus on SaaS and Enterprise Automation, Direct-to-Consumer, Media and Content, FinTech, and Deep Technology. The fund would also cover sectors such as health, machine-driven intelligent services, ed-tech, agri-tech, logistics and distribution, food-tech, mobility and India language-focused applications. Each ticket size would be in the range of $500,000 to $4 million.
You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in
Show Less Plan
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Faster pages
Move smoothly between articles as our pages load instantly.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Personalised recommendations
A select list of articles that match your interests and tastes.
Briefing
We brief you on the latest and most important developments, three times a day.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath