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 equity investment in A91 Partners’ third fund. According to a recent disclosure, IFC is planning an investment of up to ₹303.9 crore in the venture capital firm’s new fund.
In addition to this equity investment, IFC is also considering an additional co-investment of up to ₹260.5 crore, which would take the total investment to a staggering ₹564.4 crore. This massive investment is a testament to the trust that IFC has in A91 Partners’ ability to identify and nurture innovative startups and entrepreneurs.
A91 Partners, which was founded in 2018, has already made a name for itself as a prominent venture capital firm in India. Its previous funds have invested in a range of startups across various sectors, including fintech, healthcare, and consumer technology. With this new fund, A91 Partners is looking to further expand its portfolio and continue to support the growth of Indian startups.
The IFC’s investment in A91 Partners’ third fund is a significant development in the Indian startup ecosystem. The organization has a long history of investing in startups and venture capital firms across the globe, with a focus on supporting entrepreneurship and innovation in emerging markets.
In recent years, IFC has made several notable investments in Indian startups, including a $15 million investment in fintech firm SlicePay and a $10 million investment in healthcare startup PharmEasy. These investments have not only provided critical funding to the startups but have also helped to promote entrepreneurship and innovation in the country.
The IFC’s investment in A91 Partners’ third fund is also significant because it underscores the organization’s commitment to supporting the growth of the Indian startup ecosystem. The organization has been actively working to promote entrepreneurship and innovation in India, and this investment is a key part of that effort.
In a statement, A91 Partners said that the IFC’s investment would help the firm to further accelerate its growth and continue to support the development of Indian startups. “We are thrilled to have the IFC on board as a partner in our third fund,” said the statement. “Their investment will enable us to further scale our operations and continue to support the growth of innovative startups in India.”
The IFC’s investment in A91 Partners’ third fund is also significant because it comes at a time when the Indian startup ecosystem is facing significant challenges. The COVID-19 pandemic has had a devastating impact on the economy, and many startups are struggling to stay afloat.
In response to these challenges, the IFC has been working to provide critical support to Indian startups. The organization has launched several initiatives aimed at providing funding and mentorship to startups, and has also been working to promote entrepreneurship and innovation in the country.
The IFC’s investment in A91 Partners’ third fund is a key part of this effort. The organization’s investment will provide critical funding to A91 Partners, which will enable the firm to continue to support the growth of Indian startups. At the same time, the investment will also help to promote entrepreneurship and innovation in the country, which is critical for driving economic growth and development.
In conclusion, the IFC’s plan to invest ₹303.9 crore in A91 Partners’ third fund is a significant development in the Indian startup ecosystem. The investment will provide critical funding to A91 Partners, which will enable the firm to continue to support the growth of Indian startups. At the same time, the investment will also help to promote entrepreneurship and innovation in the country, which is critical for driving economic growth and development.
Source:
https://inc42.com/buzz/ifc-mulls-65-mn-investment-in-a91-partners-third-fund/
