**Meta:** 3one4 Capital plans to raise its seventh fund, building on strong performance and significant unrealized gains.
**Content:**
### 3one4 Capital to Launch Seventh Fund Following Successful First Fund
**Who:** 3one4 Capital, a Bengaluru-based venture capital firm.
**What:** The firm is preparing to raise its seventh fund after successfully returning its first fund to investors.
**When:** The announcement comes in March 2025, following the firm’s sixth fund raised in 2023.
**Where:** Based in Mumbai, India.
**Why:** The firm has achieved a DPI of over 1.0, indicating returns exceeding the initial investment, and is looking to capitalize on its strong portfolio performance.
### Strong Fund Performance
3one4 Capital has successfully returned its first fund to investors, achieving a DPI of over 1.0. This performance metric indicates that investors have received more than their original investment. The firm currently holds unrealized gains of approximately 4x in its portfolio companies from this fund.
– **Notable Investments:** The first fund, which totaled $15 million, supported startups such as Tracxn, Licious, Darwinbox, PocketAces, and Bugworks.
– **Future Plans:** The firm aims to raise its seventh fund this year, which is expected to be slightly larger than the sixth fund, which raised $225 million in 2023.
### Consistent Fundraising Strategy
Pranav Pai, founding partner and chief investment officer of 3one4 Capital, emphasized the firm’s consistent fundraising strategy, stating, “We have consistently raised a new fund every two-and-a-half to three years.” The firm has maintained a strong track record, never missing a vintage.
### Successful Exits and IPOs
The firm has seen significant success with its portfolio, including:
– The first IPO from the fund’s portfolio when Tracxn went public in 2022.
– A total of 11 profitable exits so far, with four additional profitable exits in progress.
– Two more companies from the portfolio are planning to initiate their IPO processes soon.
### Conclusion
With a strong track record and significant unrealized gains, 3one4 Capital is poised for continued success in the venture capital landscape. How will the upcoming seventh fund further enhance the firm’s portfolio?
**FAQs:**
**Q: What is the DPI of 3one4 Capital’s first fund?**
A: The DPI of 3one4 Capital’s first fund is over 1.0, indicating that investors have received more than their initial investment.
