A91 Partners closes second fund at $525 million

Mumbai: Investment firm A91 Partners has closed its second fund, notching up a corpus of around $525 million amid heightened deal activity in India, two people in the know of the matter said.

The venture capital fund, which was spun out of Sequoia Capital India three years ago, has backed companies like Digit Insurance, cosmetics brand Sugar, software platform Exotel, among others, betting largely on companies across technology, consumer and financial services.