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3one4 Capital to fully tie up commitments for over $100 million fund this quarter
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Last Updated: Jul 25, 2021, 02:49 PM IST
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Synopsis
3one4 Capital s new fund had seen more demand than anticipated and is now very close to clinching over $100 million commitment from investors.
ETtech
Illustration: Rahul Awasthi
3one4 Capital an early stage venture capital firm that primarily invests in technology companies expects to fully tie up commitments for its latest fund of over $100 million corpus during the current quarter. Anurag Ramdasan, Principal - Investments at 3one4 Capital said that there has been overwhelming interest from global institutions into investing in India as the pandemic underscored the true potential of technology and digital firms.
3one4 Capital an early stage venture capital firm that primarily invests in technology companies expects to fully tie up commitments for its latest fund of over USD 100 million corpus during the current quarter. Anurag Ramdasan, Principal - Investments at 3one4 Capital said that there has been overwhelming interest from global institutions into investing in India as the pandemic underscored the true potential of technology and digital firms. Technology-backed startups offered a phenomenal alternate for customers amid complete lockdown last year, he noted. Ramdasan said the latest fund has evoked a strong response and 3one4 Capital expects it to be fully subscribed very soon .