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VC firm 3one4 Capital raises Rs.1,000-Cr for its third fund
Early-stage investor 3one4 Capital has raised INR 1,000 crore for its third fund from both domestic and international institutional investors. The fund surpassed its target of INR 750 crore riding on strong investor interest. New investors in the third fund include CDC Group Plc (UK), the Japan-India Fund-of-Funds-Nippon India Digital Innovation AIF (NIDIA), South Korean video gaming giant KRAFTON, Inc and Indian endowments and foundations such as Catamaran Ventures and Premji Invest. The fund has also raised capital from a few large domestic banks and manufacturing, insurance and financial services companies. 3one4's Fund III will back SaaS and enterprise automation, fintech, direct-to-consumer, digital media, and deep technology startups.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.