3one4 Capital to fully tie up commitment for over $100 mn fund this quarter

3one4 Capital — an early stage venture capital firm that primarily invests in technology companies — expects to fully tie up commitments for its latest fund of over USD 100 million corpus during the current quarter.

Anurag Ramdasan, Principal – Investments at 3one4 Capital said that there has been “overwhelming interest” from global institutions into investing in India as the pandemic underscored the true potential of technology and digital firms.

Technology-backed startups offered a “phenomenal alternate” for customers amid complete lockdown last year, he noted.

Ramdasan said the latest fund has evoked a strong response and 3one4 Capital expects it to be fully subscribed “very soon”.