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3One4 Capital raises $200 mn for its 4th venture capital fund
3one4 Capital, an early-stage venture capital investor, raised $200 million for its fourth fund to invest in technology-driven startups. The firm raised capital from domestic and international investors and has over $750 million in assets under management, senior company officials said. At a time when the funding winter is intensifying, India-focused funds continue to gain traction, a sign of a maturing ecosystem and significant investor interest in the region. This is the third India-focused fund in the last fortnight to announce its final close after private equity investors Multiples Alternate Assets Management and Chiratae Ventures. The fund that was oversubscribed had to limit its size to $200 million to pursue the investment discipline that management aims to follow, said Pranav Pai, founding partner and chief investment officer at 3one4 Capital. “For us, to be a focused early-stage investor and maintain our performance levels, $200 million seems to be the optimal fund size," Pai added. Source - MInt
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