IFC Plans ₹303.9 Cr Investment in A91 Partners’ Third Fund
In a significant development, 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 investment is expected to further strengthen A91 Partners’ position as a leading player in the Indian venture capital industry.
According to a disclosure, IFC is also considering an additional co-investment of up to ₹260.5 crore into the new fund. This move is likely to provide a significant boost to A91 Partners’ ability to invest in promising startups and scale-up companies across various sectors.
A91 Partners, which was founded in 2018, has already demonstrated its ability to identify and invest in innovative startups and entrepreneurs. The firm’s first two funds have made significant returns, and its third fund is expected to follow suit. The IFC’s investment is likely to be a significant vote of confidence in A91 Partners’ investment strategy and the potential of the Indian startup ecosystem.
The IFC’s investment in A91 Partners’ third fund is part of its broader strategy to support the growth of the Indian startup ecosystem. The organization has been actively investing in Indian startups and venture capital firms, with a focus on promoting innovation, entrepreneurship, and job creation.
A91 Partners’ third fund has a target corpus of ₹1,200 crore and is expected to focus on investments in early-stage startups, growth-stage companies, and late-stage companies. The fund is expected to have a broad mandate, with investments likely to be made across various sectors, including technology, healthcare, fintech, and consumer goods.
The IFC’s co-investment in A91 Partners’ third fund is also significant, as it will provide additional capital to support the growth of portfolio companies. The co-investment is likely to be made in conjunction with other investors, including family offices, institutional investors, and individual investors.
The IFC’s investment in A91 Partners’ third fund is also part of its broader strategy to support the growth of the Indian venture capital industry. The organization has been actively investing in Indian venture capital firms, with a focus on promoting innovation, entrepreneurship, and job creation.
A91 Partners’ third fund is expected to be a significant milestone for the firm, as it marks its entry into the large-cap space. The fund is expected to have a significant impact on the Indian startup ecosystem, with investments likely to be made in companies that have the potential to scale and create jobs.
The IFC’s investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem, as it demonstrates the organization’s commitment to supporting the growth of innovative startups and entrepreneurs. The investment is likely to have a significant impact on the ecosystem, with potential benefits including increased investment, job creation, and economic growth.
In conclusion, the IFC’s plans to invest up to ₹303.9 crore in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment is likely to provide a significant boost to A91 Partners’ ability to invest in promising startups and scale-up companies, and will demonstrate the organization’s commitment to supporting the growth of innovative startups and entrepreneurs.
Source:
https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
