3one4 Capital is back with a $100 million fund for early-stage startups

• This is the investment firm's fifth fund so far and its third early-stage fund.
• The firm has so far invested over $110 million in Indian start-ups.
• With the latest fund, the company aims to invest 25-30 startups.

3one4 Capital, the investment firm founded by the Pai brothers – Siddharth and Pranav, sons of the former Infosys exec TV Mohandas Pai, has launched its third early-stage fund worth $100 million. This is the investment firm's fifth fund so far.

“Our investor base now combines an intellectually-diverse and globally-positioned pool of resources that provide a consistent competitive edge to the firm and its portfolio companies. By deepening our access to strategic corporations and investors, we can now direct more meaningful capital through the firm’s bottoms-up selection routines to discover the next set of generational tech companies from India,” said Pranav Pai, Managing Partner, 3one4 Capital.

The four-year old firm has so far invested over $110 million. The company said that 40% of the target corpus already committed from returning and new LPs (Limited Partners).

Here are some of its investments:



With the latest fund, the company aims to invest 25-30 startups working across sectors like SaaS and Enterprise Automation, Direct-to-Consumer, Media & Content, FinTech, and Deep Technology.

“The current paradigm shift has demanded the acceleration of disruptive business models and a rebalancing of the early-stage investment lens. With this new fund, 3one4 Capital is purpose-built to be deeply involved across the lifecycle of the next innovation engines from India,” said Siddarth Pai, Managing Partner, 3one4 Capital.

With the latest fund, 3one4 Capital joins the long list of investment firms that have raised funding in the past few months. Earlier, Lightspeed, Sequoia, and Chiratae Ventures have all closed their funds to accelerate startup investments in India.

India’s investors are adding fresh capital infusion to their funds as they look for the next big startup that rises out of the coronavirus pandemic.