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. This significant investment marks a significant milestone for A91 Partners, a leading venture capital firm in India, as it looks to expand its portfolio and invest in innovative startups.
According to a disclosure, IFC is also considering an additional co-investment of up to ₹260.5 crore into the new fund. This co-investment will enable IFC to participate in the fund’s investments alongside A91 Partners, further enhancing the firm’s ability to support Indian startups.
A91 Partners is known for its focus on investing in early-stage startups, particularly in the consumer internet, fintech, and healthtech sectors. The firm has made several successful investments in the past, including in companies such as Zomato, PolicyBazaar, and PharmEasy.
The IFC’s investment in A91 Partners’ third fund is part of its broader strategy to support the growth of the Indian startup ecosystem. IFC has been actively investing in Indian startups and venture capital firms over the past few years, with a focus on supporting the development of innovative and scalable businesses.
In recent years, India has emerged as a significant hub for startup activity, with a growing number of entrepreneurs and investors looking to capitalize on the country’s rapidly expanding digital economy. The Indian startup ecosystem has seen significant growth, with the number of startups in the country increasing by over 20% in the past year alone.
The IFC’s investment in A91 Partners’ third fund is likely to have a positive impact on the Indian startup ecosystem, providing much-needed funding and support to innovative startups. The investment will also enable A91 Partners to increase its investment pace and expand its portfolio, further accelerating the growth of the Indian startup ecosystem.
In addition to its investment in A91 Partners, the IFC has also been actively investing in other Indian startups and venture capital firms. In recent years, the IFC has made several significant investments in Indian startups, including in companies such as Ola, Paytm, and Nykaa.
The IFC’s investment in A91 Partners’ third fund is also likely to have a positive impact on the venture capital industry in India. The investment will provide a significant vote of confidence in the Indian startup ecosystem, demonstrating the potential for venture capital firms to generate strong returns from investments in Indian startups.
In conclusion, the IFC’s planned investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment will provide much-needed funding and support to innovative startups, further accelerating the growth of the Indian startup ecosystem. The investment will also enable A91 Partners to increase its investment pace and expand its portfolio, further demonstrating the potential for venture capital firms to generate strong returns from investments in Indian startups.
News Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
