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3one4 Capital, an early-stage venture capital firm based in India, has raised $200 million for its fourth fund. The announcement comes after the firm successfully closed the fund, which will focus on backing innovative startups across various sectors, including healthtech, edtech, and consumer brands.
The fund, named Continuum II, aims to support startups that require growth capital to scale their businesses. The firm plans to make investments ranging from $3 million to $10 million per company, targeting Indian and global startups. The latest fund brings 3one4 Capital's total assets under management to over $500 million.
Founded by Pranav Pai and Siddarth Pai, 3one4 Capital has a history of contrarian bets and a portfolio that includes several successful companies such as Licious, Open, and Jupiter. The firm's investment strategy focuses on identifying and supporting startups with innovative solutions, exceptional founding teams, and strong potential for growth.
In a statement, Pranav Pai said,
"We are grateful for the support of our investors who believe in our vision of backing exceptional founders and building a platform to help them succeed. With Continuum II, we are excited to partner with more innovative companies and help them achieve their full potential."
The successful closure of the $200 million fund comes amid growing interest in venture capital investment in India. Over the past few years, the country has witnessed a surge in startup activity, with several companies achieving unicorn status and attracting significant investor interest. As a result, venture capital firms like 3one4 Capital have become crucial players in the Indian startup ecosystem, providing much-needed capital and support to emerging businesses.
The new fund highlights 3one4 Capital's commitment to fostering innovation and supporting the growth of promising startups. With a fresh pool of capital, the firm is well-positioned to make strategic investments in the coming years and contribute to the ongoing growth of the Indian startup landscape.