India’s 3one4 Capital eyes $100m for fifth fundraise in as many years

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Indian VC investment firm 3one4 Capital is targeting INR7.5bn ($100m) through the launch of its fifth fundraise.

The firm said the new vehicle – its third early-stage vehicle – is already more than 40% subscribed thanks to commitments from both global and Indian investors.

3one4, which also manages a seed-stage fund and a later-stage vehicle, will increase its capital under management to about $210m if it reaches its latest fundraising goal, the firm said.

Fund III will look to build a portfolio of between 25 and 30 companies, targeting sectors including SaaS and enterprise automation, direct-to-consumer, media and content, fintech, and deep technology.

Other areas of interest for the firm include health, machine-driven intelligent services, edtech, agritech, logistics and distribution, foodtech, mobility and Indic language-focused applications.

3on4 Capital managing director Siddarth Pai said, “The current paradigm shift has demanded the acceleration of disruptive business models and a rebalancing of the early-stage investment lens.

“With this new fund, 3one4 Capital is purpose-built to be deeply involved across the lifecycle of the next innovation engines from India.”

Previous investments from 3one4 include Licious, Yulu, DarwinBox, and BetterPlace.

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