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 a testament to the growth potential of the Indian startup ecosystem, and A91 Partners’ ability to identify and nurture promising 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 further support A91 Partners’ portfolio companies and contribute to their growth and success.
A91 Partners is a prominent venture capital firm that focuses on investing in early-stage startups in the consumer internet, fintech, and healthtech sectors. The firm has a strong track record of identifying and backing innovative startups that have the potential to disrupt traditional industries and create new opportunities.
The IFC’s investment in A91 Partners’ third fund is part of its strategy to support the growth of the Indian startup ecosystem. The IFC has been actively investing in Indian startups and venture capital firms, and has committed over $1 billion to the country’s startup ecosystem since 2005.
A91 Partners’ third fund has a target corpus of ₹1,500 crore, and the IFC’s investment will account for about 20% of the fund’s total corpus. The fund is expected to focus on investing in startups that have the potential to scale quickly and create significant value.
The IFC’s investment in A91 Partners is also seen as a vote of confidence in the Indian startup ecosystem, which has been growing rapidly in recent years. The ecosystem has seen significant growth in terms of the number of startups, funding, and exits, and is now attracting attention from global investors.
The IFC’s investment in A91 Partners’ third fund is also expected to create new opportunities for startups in India. The fund will focus on investing in startups that have the potential to create jobs, drive economic growth, and improve lives. This aligns with the IFC’s strategic objective of promoting sustainable development and reducing poverty.
In addition to the IFC, A91 Partners’ third fund has also received commitments from other investors, including existing limited partners and new investors. The fund is expected to close soon, and the IFC’s investment will be used to support A91 Partners’ existing portfolio companies and new investments.
The IFC’s investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem, and is expected to have a positive impact on the ecosystem’s growth and development. The investment will provide a boost to the ecosystem’s funding landscape, and will enable A91 Partners to further support the growth and success of its portfolio companies.
In conclusion, the IFC’s plan to invest ₹303.9 crore in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment is a testament to the growth potential of the ecosystem, and A91 Partners’ ability to identify and nurture promising startups. The investment is also expected to create new opportunities for startups in India, and will contribute to the ecosystem’s growth and development.
Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
