IFC Plans ₹303.9 Cr Investment in A91 Partners’ Third Fund
In a significant development for 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. Moreover, 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 is expected to further strengthen A91 Partners’ position as a leading venture capital firm in India, and support the growth of startups across various sectors. A91 Partners, which was launched in 2018, has already made a name for itself by backing successful startups like PolicyBazaar, Cars24, and Innov8, among others.
The IFC’s investment in A91 Partners’ third fund is part of its efforts to support the growth of the Indian startup ecosystem, which has been gaining momentum in recent years. The organization has been actively involved in Indian startup ecosystem, having invested in various startups and funds in the country.
A91 Partners’ third fund, which is expected to close soon, is focused on investing in growth-stage startups across various sectors, including fintech, healthcare, and consumer technology. The fund has already received commitments from several institutional investors, and the IFC’s investment is expected to further boost its corpus.
The IFC’s co-investment in A91 Partners’ third fund is also significant, as it will provide the venture capital firm with additional resources to invest in startups. The co-investment is expected to be made through IFC’s dedicated fund platform, which provides financing to venture capital funds focused on investing in startups in emerging markets.
The IFC’s investment in A91 Partners’ third fund is also expected to have a positive impact on the Indian startup ecosystem, as it will provide startups with access to additional funding and mentorship. The organization has a strong track record of supporting startups, having invested in various startups across the globe.
A91 Partners’ third fund is expected to close soon, and the IFC’s investment is expected to be a significant part of the fund’s corpus. The fund is focused on investing in growth-stage startups across various sectors, including fintech, healthcare, and consumer technology.
The IFC’s investment in A91 Partners’ third fund is also part of its efforts to support the growth of the Indian startup ecosystem, which has been gaining momentum in recent years. The organization has been actively involved in Indian startup ecosystem, having invested in various startups and funds in the country.
In conclusion, the IFC’s plan to invest ₹303.9 crore in A91 Partners’ third fund, along with an additional co-investment of up to ₹260.5 crore, is a significant development for the Indian startup ecosystem. The investment is expected to further strengthen A91 Partners’ position as a leading venture capital firm in India, and support the growth of startups across various sectors.
Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
