A91 Partners Marks a Milestone with $665 Million Fund Closure

BENGALURU: In a significant move that underscores the growing global interest in India's private markets, A91 Partners has successfully closed its third fund at a whopping $665 million. This achievement places the firm among the ranks of India-focused venture firms that are attracting larger pools of capital.

Photo credit- LinkedIn/ A91 Partners

Strategic Investments Across Key Sectors

Launched in 2018 by former Sequoia Capital India executives, A91 Partners has carved a niche for itself by investing in growth-stage startups across consumer, healthcare, financial services, and industrials. With cheque sizes ranging from $10 million to $50 million, the firm has backed notable companies like Digit Insurance, Atomberg Technologies, and Push Health.

Commitment to Long-Term Value Creation

In a LinkedIn post, A91 Partners reiterated its dedication to supporting Indian entrepreneurs over extended periods, emphasizing the role of patient capital in accelerating value creation in Indian businesses.

India's Venture Ecosystem on the Rise

The closure of Fund III comes on the heels of other significant fund raises in India's venture ecosystem, including Accel's $650 million Fund VIII and Stellaris Venture Partners' $300 million third fund. Despite a downturn in venture funding in 2023 and early 2024, the appetite for institutional VC funds remains robust, with global investors viewing India as a promising long-term bet.

Focusing on Profitability and Higher-Conviction Bets

With its latest fund, A91 Partners is poised to make fewer, but more strategic investments, focusing on startups with clearer paths to profitability. This approach reflects a broader trend among venture firms to prioritize quality over quantity in their investment portfolios.