A91 Partners, the Indian venture capital house launched by a trio of former Sequoia Capital managing directors, has closed its second fundraise on $550m.
The Fund II close comes a couple of years after A91 reached a $351m close for its debut vehicle, which has largely been used to target Series B deals in the consumer, healthcare and financial services sectors.
A91 was launched by VT Bharadwaj, Abhay Pandey and Gautam Mago.
A statement from Mago posted on LinkedIn said, “We started A91 in 2018 with the following beliefs – the nature of entrepreneurship in India is changing, more new age businesses will be created, and patient capital will play an important role in accelerating value creation.
“We also believed in the opportunity to create a world-class Indian investment firm – for founders who are aiming to build large enduring businesses from India, for either local or global markets. All these beliefs have been strengthened over the last three years.
“While it is early in our journey at A91, we aspire to be enduring ourselves, and be long-term partners to founders. We are delighted to take one more step along our journey to partner with the next generation of founders building enduring businesses.”
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