🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

A91 Partners closes $665 Mn Fund III

EntrackrEntrackr · 3m ago
A91 Partners closes $665 Mn Fund III
Medial

A91 Partners has announced the final close of its third fund at $665 million. With Fund III, A91 plans to continue backing growth-stage businesses and supporting founders with scale and strategic capital. “We started A91 in 2018 with the following beliefs - patient capital will play an important role in accelerating value creation in Indian businesses across sectors. We also believed in the opportunity to create a world-class Indian investment firm - for founders who are aiming to build large enduring businesses from India. All these beliefs have been strengthened over the last 6 years,” said A91 Partners in a Linkedin post. Founded in 2018 by former Peak XV partners Gautam Mago, Abhay Pandey, Kaushik Anand, and VT Bharadwaj, A91 Partners was created to support Indian entrepreneurs building long-term businesses. The firm focuses on investing across sectors such as consumer, healthcare, financial services, and technology. The firm said it remains committed to being a long-term partner to both founders and Limited Partners as it continues to grow its presence in the Indian private equity landscape. A91 Partners has also made investments in sectors like coffee, spices, and home appliances, including backing brands such as Atomberg. It led a $30 million Series B funding round in Blue Tokai Coffee Roasters. The firm’s portfolio includes companies like Digit Insurance, Inshorts, Sugar Cosmetics, Exotel, Healthkart, Paper Boat, and Plum, among others. Go Digit General Insurance, one of A91’s portfolio companies, went public last year. In a recent disclosure, the International Finance Corporation (IFC) said that it is considering an investment of up to $35 million in A91 Partners’ third fund, with the possibility of committing an additional $30 million for co-investment opportunities.

Ankur Capital receives commitments from BII and MacArthur for its third fund

EntrackrEntrackr · 11m ago
Ankur Capital receives commitments from BII and MacArthur for its third fund
Medial

Ankur Capital, an early-stage venture capital fund, has received commitments from two of its existing Limited Partners into its third fund. British International Investment and the John D. and Catherine T. MacArthur Foundation both have made commitments to Ankur Capital’s third fund—Ankur Capital Fund III, the fund said in a press release. The duo join the U.S International Development Finance Corporation (DFC) and Self-Reliant India Fund who had committed to the fund earlier. With a target of Rs 1,200 crore (about $150 million), Ankur Capital Fund III will continue to invest in technologies with themes tapping into the digital transformation and decarbonization opportunities for both India and beyond. According to Ankur Capital, it manages over $200 million AUM across its previous funds. With Fund III, Ankur will continue its focus on pre-series A investments with entry check sizes in the $1-2 million range and continue its support up to $10 million. Since inception, Ankur Capital has been backing deep technology innovations that address critical problems such as improving market supply chain efficiency, agricultural productivity, climate and health linked innovations, new products and services for mass markets. Ankur’s investment portfolio includes companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

Download the medial app to read full posts, comements and news.