IFC Plans ₹303.9 Cr Investment in A91 Partners’ Third Fund
The private lending arm of the World Bank, International Finance Corporation (IFC), has announced plans to invest up to ₹303.9 crore in the venture capital firm A91 Partners’ third fund. Additionally, IFC is also considering an additional co-investment of up to ₹260.5 crore into the new fund, according to a recent disclosure.
A91 Partners, a leading venture capital firm in India, focuses on investing in early-stage startups across various sectors, including fintech, healthcare, and consumer technology. The firm’s third fund aims to further accelerate the growth of innovative startups in India and other emerging markets.
The planned investment from IFC will reportedly be an equity investment, marking the global development institution’s first investment in A91 Partners’ funds. The additional co-investment, if approved, would be a significant boost for the firm’s new fund, allowing it to support more startups and entrepreneurs in the region.
A91 Partners has a strong track record of investing in successful startups, with portfolio companies including fintech firm CRED, healthcare platform 1mg, and consumer technology company, Nykaa. The firm’s previous funds have also generated strong returns, making it an attractive investment opportunity for IFC and other institutional investors.
The investment from IFC will not only provide A91 Partners with additional capital to invest in startups but also bring in valuable expertise and resources to support the growth of its portfolio companies. IFC’s investment team has a deep understanding of the Indian startup ecosystem and has invested in numerous successful startups across the country.
The news of IFC’s planned investment in A91 Partners’ third fund comes at a time when the Indian startup ecosystem is experiencing rapid growth. The country has seen a significant increase in startup funding in recent years, with many Indian startups raising large rounds of funding from global investors.
The fintech sector, in particular, has seen a surge in investment activity in recent years, driven by the growth of digital payment platforms, online lending, and insurance. A91 Partners has been an active investor in the fintech space, with investments in companies such as CRED, which has disrupted the traditional credit card payment space.
The healthcare sector is another area where A91 Partners has been active, with investments in companies such as 1mg, which has developed a platform for online healthcare services. The firm has also invested in consumer technology companies, including Nykaa, which has become a leading e-commerce platform for beauty and personal care products.
In conclusion, the planned investment from IFC in A91 Partners’ third fund is a significant development for the Indian startup ecosystem. The investment will provide A91 Partners with additional capital to invest in startups and will bring in valuable expertise and resources to support the growth of its portfolio companies. As the Indian startup ecosystem continues to grow and evolve, it is likely that we will see more investments from global institutions like IFC, which will play a critical role in supporting the growth of innovative startups in the region.
Source:
https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
