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 investment is part of the IFC’s strategy to support the growth of innovative startups and small businesses in India.
As per a disclosure, the IFC is considering an additional co-investment of up to ₹260.5 crore into the new fund. This co-investment will enable the IFC to participate in the growth of A91 Partners’ portfolio companies, thereby supporting the development of the Indian startup ecosystem.
A91 Partners is a leading venture capital firm that focuses on investing in early-stage startups and growth-stage companies across various sectors, including technology, healthcare, and consumer goods. The firm has a strong track record of identifying and backing innovative startups that have the potential to scale and create significant value.
IFC’s investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem, as it demonstrates the confidence of a global institution in the growth potential of Indian startups. The IFC’s investment will not only provide A91 Partners with the necessary capital to make new investments but also bring in valuable expertise and network to support the growth of its portfolio companies.
The IFC’s investment in A91 Partners’ third fund is part of its larger strategy to support the growth of innovative startups and small businesses in India. The IFC has been actively investing in the Indian startup ecosystem for several years, and has made investments in several leading startups, including Ola, Paytm, and PolicyBazaar.
The IFC’s investment in A91 Partners’ third fund is also part of its efforts to support the growth of the Indian venture capital ecosystem. The IFC has been working closely with venture capital firms in India to support the growth of innovative startups and small businesses, and has made investments in several leading venture capital firms, including Sequoia Capital India, Accel India, and Kalaari Capital.
The IFC’s investment in A91 Partners’ third fund is likely to have a positive impact on the Indian startup ecosystem, as it will provide A91 Partners with the necessary capital to make new investments and support the growth of its portfolio companies. The IFC’s investment will also bring in valuable expertise and network to support the growth of A91 Partners’ portfolio companies, and will help to create new opportunities for startups and small businesses in India.
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, and demonstrates the confidence of a global institution in the growth potential of Indian startups. The IFC’s investment will not only provide A91 Partners with the necessary capital to make new investments but also bring in valuable expertise and network to support the growth of its portfolio companies.
Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
