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 set to make a significant investment in the venture capital firm A91 Partners’ third fund. According to a recent disclosure, IFC is planning an equity investment of up to ₹303.9 crore into the new fund. This investment is expected to be a major boost for A91 Partners, which is already known for its successful investments in various startups across various sectors.
The IFC’s investment in A91 Partners’ third fund is not limited to just equity investment. The organization is also considering an additional co-investment of up to ₹260.5 crore into the new fund, which will further enhance its stake in the venture. This co-investment is expected to be a strategic move by IFC to support A91 Partners’ investment thesis and help the firm achieve its goals.
A91 Partners, which was founded in 2018 by ex-ICICI Ventures MD Vipul Patel, has already made a name for itself in the Indian startup ecosystem. The firm has invested in various startups across sectors such as fintech, healthcare, and consumer goods, and has a strong track record of delivering returns to its investors.
The IFC’s investment in A91 Partners’ third fund is seen as a significant vote of confidence in the firm’s investment strategy and its ability to identify and back promising startups. The organization has a long history of investing in venture capital funds in India and has supported several successful startups in the country.
The IFC’s investment in A91 Partners’ third fund is also seen as a positive sign for the Indian startup ecosystem. The organization’s investment is expected to bring in more foreign investment into the country and help startups access global capital. This is particularly important for Indian startups, which often face challenges in accessing foreign capital due to various regulatory and logistical hurdles.
The IFC’s investment in A91 Partners’ third fund is also expected to support the growth of the Indian startup ecosystem. The organization’s investment will help A91 Partners to further expand its portfolio and invest in more startups. This will not only create more employment opportunities but also help to drive innovation and entrepreneurship in the country.
The IFC’s investment in A91 Partners’ third fund is also seen as a strategic move to support the growth of the Indian startup ecosystem. The organization has a long history of investing in venture capital funds in India and has supported several successful startups in the country. The IFC’s investment will help to further strengthen its position in the Indian startup ecosystem and support the growth of the country’s startup ecosystem.
In conclusion, the IFC’s planned investment of ₹303.9 crore in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment is expected to bring in more foreign investment into the country and help startups access global capital. The IFC’s investment will also help to support the growth of the Indian startup ecosystem and create more employment opportunities. With this investment, A91 Partners is expected to further expand its portfolio and invest in more startups, driving innovation and entrepreneurship in the country.
News Source:
https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
