IFC plans ₹303.9 cr investment in A91 Partners’ third fund
In a significant development in the Indian startup ecosystem, 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. IFC is also considering an additional co-investment of up to ₹260.5 crore into the new fund, according to a disclosure.
A91 Partners, a prominent venture capital firm in India, has been actively investing in startups across various sectors, including fintech, healthtech, and consumer technology. The firm’s third fund is expected to further amplify its investment strategy, focusing on early-stage startups with high growth potential.
The IFC’s investment in A91 Partners’ third fund is a testament to the growing interest in Indian startups from global investors. With this investment, IFC will not only be supporting A91 Partners’ expansion plans but also gaining exposure to some of the most promising startups in the country.
A91 Partners has already made several successful investments in Indian startups, including in companies like MobiKwik, PolicyBazaar, and Delhivery. The firm’s portfolio companies have demonstrated strong growth and have been able to attract significant attention from investors and customers alike.
The IFC’s investment in A91 Partners’ third fund is also significant because it marks a shift in the firm’s investment strategy. Traditionally, IFC has focused on providing debt financing to startups, but with this investment, the firm is now venturing into equity investments as well.
This development is likely to have a positive impact on the Indian startup ecosystem, as it will provide more opportunities for startups to access capital and scale their businesses. The IFC’s investment in A91 Partners’ third fund is also expected to encourage other global investors to take notice of Indian startups and invest in the country’s burgeoning startup ecosystem.
It’s worth noting that the IFC’s investment in A91 Partners’ third fund is subject to certain conditions, including the completion of due diligence and regulatory approvals. The firm’s investment in the new fund is expected to be finalized in the coming months.
In related news, A91 Partners has been actively expanding its team, hiring experienced professionals from the startup ecosystem to support its investment strategy. The firm has also been engaging with entrepreneurs and startups, providing guidance and mentorship to help them scale their businesses.
In conclusion, the IFC’s planned investment in A91 Partners’ third fund is a significant development in the Indian startup ecosystem, marking a new chapter in the firm’s investment strategy. The investment is expected to provide more opportunities for startups to access capital and scale their businesses, and will likely encourage other global investors to take notice of Indian startups.
Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
