India: 3one4 Capital launches new $100m early-stage VC fund

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Barely nine months after closing its last two funds, early-stage venture capital firm 3one4 Capital has announced the launch of its third $100-million early-stage VC fund, which, like previous vehicles, will invest in early-stage tech startups in India.

In a statement 3one4 Capital said, Fund III has already reached the first close, and subscribed more than 40% of its targeted corpus of $100 million with commitments from new and existing investors, including family offices, endowments, foundations, as well as corporate and financial institutional investors.

The fund will increase the firm’s capital under management to over Rs 1,550 crore.

“At 3one4 Capital, our objective is to work with Indian entrepreneurs and help build transformative companies. By deepening our access to strategic corporations and investors, we can now direct more meaningful capital through the firm’s bottoms-up selection routines to discover the next set of generational tech companies from India,” Pranav Pai, Managing Partner, 3one4 Capital said.

Fund III is targeting to invest in about 25-30 early-stage startups with ticket size ranging between $500,000 to $4 million. Its focus areas include a range of themes such as SaaS and enterprise automation, direct-to-consumer, media & content, fintech, and deep technology. Within these themes, the fund will cover sectors such as health, machine-driven intelligent services, edtech, agritech, logistics and distribution, food-tech, mobility, Indic language-focused applications, and more.

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,” Siddarth Pai, Managing Partner, 3one4 Capital said. 

Overall, the firm has raised a total of four funds prior to Fund III, including a dedicated seed fund, Rising I, and a dedicated opportunity fund, Continuum I. Some of its investments include Licious, BetterPlace, Open, Bugworks, YourStory, DarwinBox, Pocket Aces, Faircent, Begin, LoanTap, Jupiter, Yulu, and Tracxn.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.