Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million, they disclosed on Monday. It’s the fourth marquee fund for the Bengaluru-headquartered fund, whose portfolio includes four unicorn startups.
The fund, sixth overall for 3one4 Capital, was oversubscribed to $250 million, but the firm is accepting only $200 million to keep itself lean and disciplined, said Pranav Pai, co-founder and partner at 3one4 Capital. The firm’s decision to limit the fund size is emblematic of its strategic choices, which have set it apart from other Indian venture firms.
“We are known to give good returns. O...
