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 strategy to support the growth of India’s startup ecosystem and promote entrepreneurship in the country.
As per reports, IFC is also considering an additional co-investment of up to ₹260.5 crore into the new fund, according to a disclosure. This co-investment will enable IFC to take a more active role in the fund’s investment activities and provide guidance to portfolio companies.
A91 Partners, a Mumbai-based venture capital firm, was founded in 2018 by former Sequoia Capital India partner, Anand Chandrasekaran. The firm has already made several investments in Indian startups, including companies like Gamezy, Shiprocket, and Mobiwik.
The IFC’s planned investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. It reflects the growing interest of global investors in India’s startup landscape, which has seen tremendous growth in recent years.
India has emerged as one of the most attractive destinations for startup investments, with a thriving ecosystem that has given rise to several successful companies across various sectors. The country has seen a significant increase in startup funding in recent years, with many Indian startups raising large sums of money from global investors.
The IFC’s investment in A91 Partners’ third fund is also part of its broader strategy to support the growth of India’s startup ecosystem. The IFC has been actively investing in Indian startups and venture capital firms for several years, and has invested in companies like Ola, Flipkart, and Zomato.
A91 Partners’ third fund is expected to focus on investments in Indian startups across various sectors, including fintech, e-commerce, and healthtech. The fund is likely to follow a similar strategy to A91 Partners’ previous funds, which have focused on investing in early-stage startups with high growth potential.
The IFC’s planned investment in A91 Partners’ third fund is also expected to provide a boost to the Indian startup ecosystem, particularly in the areas of fintech and e-commerce. The fintech sector, in particular, has seen significant growth in recent years, with many Indian startups raising large sums of money from global investors.
The e-commerce sector has also seen significant growth in recent years, with many Indian startups raising large sums of money from global investors. The sector has seen the emergence of several successful companies, including companies like Flipkart, Paytm Mall, and Snapdeal.
In conclusion, the IFC’s planned investment in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. It reflects the growing interest of global investors in India’s startup landscape and is part of the IFC’s broader strategy to support the growth of India’s startup ecosystem.
As India continues to emerge as a major hub for startup growth, it is likely that we will see more global investors like the IFC investing in Indian startups and venture capital firms. This will provide a boost to the Indian startup ecosystem and help to create more jobs and economic growth in the country.
Source: https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
