Bengaluru-based early-stage venture capital firm 3one4 Capital has announced the first close of its $100 Mn (INR 750 Cr) Fund III to invest in 25-30 tech startups across segments. The latest fund will increase 3one4 Capital’s assets under management to over $210 Mn (INR 1,550 Cr).
The fund will invest an average ticket size of $500K to $4 Mn in startups working in the software-as-a-service (SaaS) domain, enterprise automation, direct-to-consumer (D2C), media and content, fintech, and deep technology. Further, the fund will cover sectors such as health, machine-driven intelligent services, edtech, agritech, logistics and distribution, food-tech, mobility, Indian language-focused applications and more.
Siddarth Pai, managing partner at 3one4 Capital, said, “With this new fund, 3one4 Capital is purpose-built to be deeply involved across the lifecycle of the next innovation engines from India. Our deep involvement model is designed to help founders optimise for sustainable growth by serving as a force multiplier on the path towards defensible long-term value creation.”