IFC Plans ₹303.9 Cr Investment in A91 Partners’ Third Fund
The International Finance Corporation (IFC), the private lending arm of the World Bank, is planning an equity investment of up to about ₹303.9 crore into the venture capital firm A91 Partners’ third fund. The IFC is also considering an additional co-investment of up to ₹260.5 crore into the new fund, according to a recent disclosure.
This significant investment by the IFC in A91 Partners’ third fund is expected to further boost the growth of the Indian startup ecosystem. A91 Partners is a well-established venture capital firm that has been actively investing in Indian startups across various sectors, including fintech, healthcare, and consumer technology.
The IFC’s investment in A91 Partners’ third fund is part of its strategy to support the growth of innovative and scalable businesses in India. The IFC has been actively investing in Indian startups and private equity funds, with a focus on sectors such as fintech, healthcare, and education.
A91 Partners, founded in 2018 by former KKR India executive, Sandeep Naik, has been actively investing in Indian startups. The firm’s previous fund, A91 Partners Fund II, had a corpus of ₹4,000 crore and invested in companies such as fintech startup, Paytm, and healthcare startup, Medgenics.
The IFC’s investment in A91 Partners’ third fund is expected to provide the venture capital firm with additional capital to invest in new startups and scale up existing portfolio companies. The fund is expected to focus on investing in startups that have the potential to scale up and become unicorns.
The Indian startup ecosystem has been growing rapidly in recent years, with the number of unicorns in the country crossing 50. The ecosystem has seen significant growth in sectors such as fintech, healthcare, and consumer technology, driven by increasing adoption of digital technologies and changing consumer behavior.
The IFC’s investment in A91 Partners’ third fund is a significant vote of confidence in the Indian startup ecosystem. The investment is expected to provide a boost to the growth of the ecosystem, by providing additional capital to startups and venture capital firms.
The IFC’s investment in A91 Partners’ third fund is also expected to further strengthen the ties between the Indian startup ecosystem and the global venture capital community. The IFC’s investment is expected to attract more global investors to the Indian startup ecosystem, and provide Indian startups with access to global networks and markets.
The IFC’s investment in A91 Partners’ third fund is also expected to support the growth of the Indian startup ecosystem by providing training and capacity-building programs for entrepreneurs and startup founders. The IFC has been actively supporting the growth of the Indian startup ecosystem by providing training and capacity-building programs for entrepreneurs and startup founders.
In conclusion, the IFC’s plan to invest ₹303.9 crore in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment is expected to provide a boost to the growth of the ecosystem, by providing additional capital to startups and venture capital firms. The IFC’s investment is also expected to further strengthen the ties between the Indian startup ecosystem and the global venture capital community.
Source:
https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
