Early-stage investor 3one4 Capital raised $134 million for its third flagship from CDC Group, the Japan-India Fund-of-Funds, Nippon India Digital Innovation AIF (NIDIA) and South Korean video gaming giant KRAFTON with few large domestic banks and manufacturing, insurance and financial services companies.
3one4 Capital invests in select market categories and at the intersections of adjacencies that are large, growing, and ready for novel products and services. The funds will be used to build a portfolio of 25-30 early-stage startups in sectors such as SaaS, enterprise automation, fintech, direct-to-consumer, digital media, and deep-tech startups for each fund. Since its inception, it has raised 5 funds, 3 of flagship funds and 2 follow-on funds. Startups such as Licious, Loantap, Koo, Darwinbox and Open are few of its portfolio firms.