According to Tracxn, the firm has a total of 34 companies under its portfolio that extends through India, USA and Singapore.
The Risk capital firm based in Mumbai A91 Partners has closed its third round of financing with $ 665 million.
In a LinkedIn publication, the company gave: “Today we are pleased to announce the closure of $ 665 million in the background A91 III. We are incredible with our investors and the founders who have associated with us and continue to inspire and educate us.”
Founded in 2018 by Abhay Pandey, VT Bharadwaj, Gautam Mago, the firm has constantly climbed its fund sizes. He raised $ 351 million in his first financing round in July 2019, followed by a second fund of $ 550 million in 2021.
According to Tracxn, the firm has a total of 34 companies under its portfolio that extends through India, USA and Singapore. This includes companies such as Exotel, Freshworks, Plum, Giva, Paperbat, Eatclub and Healthkart.
Funds
The a91 financing closure continues after a slowdown of funds seen last year. In 2024, VC financing activity fell by 35 percent to $ 2.7 billion because investors withdrew on capital deployment with dryer reserves stacked according to a Bain & Company report and the Venture and Alternate Capital Association of Indian Venture and Alternate. This is compared to the $ 4 billion raised in 2023 and a record of $ 8 billion raised in 2022.
Despite the freezing of funds, A91 Partners joins a list of other capitalist risk companies that have obtained great funds this year. As reported in the past by Business lineAccel raised $ 650 million in its eighth fund centered on India. On the other hand, Bessemer Venture Partners launched its second fund centered on India of $ 350 million. Cornerstone Ventures and Prime Venture Partners, both national companies have also raised large funds, $ 200 million and $ 100 million respectively. Meanwhile, other narrower funds of $ 30-50 million were raised by others such as Eximius Ventures and Samed VC since the beginning of this year.
(With internal bloc tickets Nethra Sailes)
Posted on April 22, 2025
