IFC may invest $65-M in A91 Partners’ third fund

The International Finance Corporation (IFC) is deliberating an investment into growth venture capital firm A91 Partners’ third fund which is targeting USD 675 million in total commitments.. IFC is proposing an equity investment of around USD 35 million and an additional co-investment of around USD 30 million.The new fund will look to provide capital to small and mid-market companies across consumer, financial services, healthcare, manufacturing, and technology. The fund is expected to have an average ticket size in the range of USD 10-50 million across 15 companies.Founded in 2018, Mumbai-based A91 Partners' portfolio companies include dairy products startup Akshayakalpa, speciality coffee brand Blue Tokai, and beauty and personal care brand Sugar, and Go Digit General Insurance, an insurance distribution firm.