3one4 Capital raises INR4.45bn

The Bangalore-based venture capital firm closes two funds above targets.

3one4 Capital has held a final close on 3one4 Capital – Continuum I at INR4 billion ($56.6 million; €50.6 million), surpassing its INR3.5 billion target. The firm also closed 3one4 Capital Rising I at INR450 million ($6.36 million; €5.7 million), exceeding the fund’s INR250 million target.

Continuum I and Rising I will invest in growth-stage and seed-stage companies respectively. Both funds will be focused on the TMT sector in India.

3one4 Capital managed INR8 billion ($113.1 million; €101.2 million) of assets as of December 2019.