In its fourth early-stage fund, 3one4 Capital raises $200 million
The venture capital firm, which invests in unicorns including Open, Darwinbox, and Licious, had its fund oversubscribed by $250 million but decided to keep it at its original size
Pai said that the venture capital firm’s success over the previous ten years allowed it to close the fund in two and a half months after its launch
As an Indian VC firm, raising money has never been easy. However, because we have developed our relationships with our LPs (Limited Partners) directly.
According to Pai, the bulk of 3one4 Capital’s current LPs made investments in the fund. 90% of the LPs, in his estimation, are institutional investors.