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 is part of IFC’s efforts to support the growth of startup ecosystem in India.
A91 Partners is a well-established venture capital firm with a strong track record of investing in Indian startups. The firm’s previous funds have invested in companies such as Ola, Paytm, and Zomato, among others. The third fund is expected to focus on investing in startups in the consumer, fintech, and enterprise technology sectors.
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 growth of promising startups alongside A91 Partners.
The investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. With its extensive experience and network, IFC is well-positioned to provide valuable support to startups, helping them scale and grow. The investment is also expected to create jobs and stimulate economic growth in India.
A91 Partners’ third fund is expected to focus on investing in startups that have the potential to become category leaders in their respective markets. The fund is likely to target companies that have a strong founding team, a scalable business model, and a significant growth potential.
IFC’s investment in A91 Partners’ third fund is part of its broader strategy to support the growth of the startup ecosystem in India. The organization has been actively involved in supporting Indian startups through various initiatives, including investments, mentorship, and capacity building.
In recent years, IFC has invested in several Indian startups, including PolicyBazaar, Zomato, and Ola. The organization has also partnered with various Indian venture capital firms, including Kalaari Capital and Accel India, to co-invest in startups.
The startup ecosystem in India has been growing rapidly in recent years, with the number of startups increasing significantly. According to a recent report, India now has over 50,000 startups, with a significant proportion of them operating in the consumer, fintech, and enterprise technology sectors.
The growth of the startup ecosystem in India has been driven by various factors, including the increasing availability of venture capital, the growth of the digital economy, and the government’s initiatives to support entrepreneurship. The ecosystem is expected to continue growing, driven by the demand for innovative solutions and the increasing availability of funding.
In conclusion, the planned investment of ₹303.9 crore by IFC in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment is expected to create jobs, stimulate economic growth, and support the growth of promising startups in the consumer, fintech, and enterprise technology sectors.
Source:
https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
