A91 Partners, a new VC fund from former Sequoia Capital India execs, closes $351M maiden fund

TechCrunch | 7/10/2019 | Staff
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India’s growing number of startups now have one additional VC fund that will listen to their business ideas. A91 Partners, a new VC fund founded by former partners at Sequoia Capital India, has closed their maiden fund at $351 million.

A91 Partners will focus on high growth startups in consumer, technology, financial services, and healthcare sectors in India, Abhay Pandey, a partner at A91 told TechCrunch in an interview.

A91 - Fund - VC - Funds - India

A91, whose maiden fund is one of the largest for any VC funds in India, will focus on early as well mid-stage startups that are looking to raise between $10 million and $30 million, Pandey said. Earlier this year, it invested about $14.2 million in Sugar, a cosmetics brand.

“In our experience, some companies get to this stage after having raised capital and some bootstrap their way into that position,” he added. Other than him, V.T. Bharadwaj, Gautam Mago, Prasun Agarwal — all former partners at Sequoia Capital India, and Kaushik Anand, formerly of CapitalG are also partners at A91. They founded the fund late last year.

Inspiration - Name - Country - Code - India

The inspiration of the name comes from the country code of India, which is 91. The letter A is inspired from Ashoka, India’s greatest emperor.

“We are excited about the opportunity ahead of us and look forward to partnering with founders building enduring businesses for tomorrow’s India,” the founding members...
(Excerpt) Read more at: TechCrunch
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