A91 Partners Secures $665 Million for Third Fund

A91 Partners has officially announced the closure of its third fund, amassing $665 million. With the launch of Fund III, A91 intends to persist in supporting growth-stage enterprises and providing founders with the necessary scale and strategic capital.

A91 Partners expressed in a recent LinkedIn update that they initiated their venture in 2018 based on key beliefs—that patient capital is pivotal in expediting value creation within Indian businesses across various sectors. They also recognised the potential of establishing a top-tier Indian investment firm for founders dedicated to developing substantial and sustainable enterprises from India, a belief that has been reinforced over the past six years.

Established in 2018 by ex-Peak XV partners Gautam Mago, Abhay Pandey, Kaushik Anand, and VT Bharadwaj, A91 Partners was founded to bolster Indian entrepreneurs aiming to construct enduring businesses. The firm targets investments across diverse sectors, including consumer goods, healthcare, financial services, and technology.

The firm affirmed its ongoing commitment to serving as a long-term partner for both founders and Limited Partners while expanding its footprint within the Indian private equity arena.

A91 Partners has also made various investments in industries such as coffee, spices, and home appliances, notably supporting brands like Atomberg. Furthermore, the firm led a $30 million Series B funding round in Blue Tokai Coffee Roasters. Its extensive portfolio comprises companies including Digit Insurance, Inshorts, Sugar Cosmetics, Exotel, Healthkart, Paper Boat, and Plum, amongst others.

Go Digit General Insurance, a notable company within A91’s portfolio, made its public debut last year.

Recently, the International Finance Corporation (IFC) disclosed that it is contemplating an investment of up to $35 million in A91 Partners’ third fund, with an additional $30 million potentially available for co-investment opportunities.