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 a significant investment in the venture capital firm A91 Partners’ third fund. According to a recent disclosure, IFC is considering an equity investment of up to ₹303.9 crore (approximately $40 million) into the new fund.
This move is likely to further boost A91 Partners’ growth and expansion plans, which have already made significant strides in the Indian startup ecosystem. The company, which was founded by former Sequoia Capital India executive, Anand Chandrasekaran, has a strong track record of investing in early-stage startups across various sectors.
A91 Partners’ third fund is expected to be a significant fund for the company, with a target corpus of ₹1,200 crore (approximately $160 million). The fund is focused on investing in Indian startups across various sectors, including consumer internet, fintech, healthtech, and more.
The IFC’s investment in A91 Partners’ third fund is not the only one being contemplated. According to the disclosure, IFC is also considering a co-investment of up to ₹260.5 crore (approximately $35 million) into the new fund. This additional investment will further amplify the fund’s growth potential and provide A91 Partners with the necessary resources to back more startups.
The IFC’s investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem, which has been facing challenges due to the ongoing COVID-19 pandemic. The pandemic has disrupted the global economy and has had a significant impact on the startup ecosystem, with many startups facing funding challenges and revenue declines.
However, the IFC’s investment in A91 Partners’ third fund is a testament to the resilience and potential of the Indian startup ecosystem. The IFC’s investment will provide A91 Partners with the necessary resources to continue backing startups that have the potential to create significant value and impact.
A91 Partners’ third fund is expected to focus on investing in startups that have the potential to scale quickly and create significant value. The fund is likely to target startups across various sectors, including consumer internet, fintech, healthtech, and more. The fund’s investment strategy is expected to be centered around providing support to startups that have strong growth potential and can create significant value in the long term.
The IFC’s investment in A91 Partners’ third fund is also a significant development for the venture capital industry in India. The IFC has a long history of investing in venture capital firms and startups across various sectors. The IFC’s investment in A91 Partners’ third fund is a testament to the company’s ability to attract significant capital from leading global investors.
In conclusion, the IFC’s plan to invest ₹303.9 crore (approximately $40 million) in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment will provide A91 Partners with the necessary resources to continue backing startups that have the potential to create significant value and impact. The IFC’s investment is also a testament to the resilience and potential of the Indian startup ecosystem, which has been facing challenges due to the ongoing COVID-19 pandemic.
Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
