Early-stage VC firm 3one4 capital has raised Rs 1000 crore for its third flagship fund from CDC Group, the Japan-India Fund-of-Funds, Nippon India Digital Innovation AIF (NIDIA) and South Korean video gaming giant KRAFTON.
Prominent Indian gifts, for example, Catamaran, Premji Invest along with a couple of large homegrown banks, manufacturing, insurance and financial administrations companies have also put their wagers on the Bengaluru based firm.
The fund will be utilized to assemble an arrangement of 25-30 early-stage startups for each fund in sectors, for example, saas, enterprise automation, fintech, d2c, digital media and profound tech startups.
Established in 2016 by Pranav and Siddarth Pai, the VC firm has started raising its third flagship fund in 2020. It has raised 5 funds since its inception, including 3 flagship and 2 follow-on funds. Startups, for example, Licious, Loantap, Koo, Darwinbox and Open are not many of its portfolio firms.
