Pre-seed to Series A fund research profile
3one4 Capital is an early-stage India technology investor that combines seed conviction with structured follow-on and exit discipline. Its mandate spans consumer internet, SaaS, fintech, enterprise digitisation, digital health and selected climate or deeptech opportunities.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
3one4 Capital uses a pre-seed to series a approach across SaaS, fintech, consumer, digital health.
Current evidence
3one4 reported 2025 exits including a partial exit from Raise Financial Services and a KukuFM exit, while its Fund I reached 1.0 DPI within seven years; named portfolio evidence includes Raise Financial Services, KukuFM, Darwinbox, Licious, Bugworks and Tracxn.
Strategy
Pre-seed to Series A
Sector focus
SaaS, fintech, consumer, digital health
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
3one4 reported 2025 exits including a partial exit from Raise Financial Services and a KukuFM exit, while its Fund I reached 1.0 DPI within seven years; named portfolio evidence includes Raise Financial Services, KukuFM, Darwinbox, Licious, Bugworks and Tracxn.
Investor questions
3one4 Capital is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Pre-seed to Series A, with a sector focus of SaaS, fintech, consumer, digital health. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to 3one4 Capital in the reviewed public sources: Raise Financial (fintech partial exit, superior IRR disclosed), KukuFM (~90% IRR exit), Darwinbox, Open, Tracxn (IPO), Loco ($65M sale). It does not represent a complete current portfolio unless the manager has published one.
The manager reports Fund I fully returned with more than 1.0 DPI, 26 profitable exits across Funds I and II, and a 58.07x MOIC / 65.08% IRR on the Darwinbox exit. Inc42 and the GP describe these as fund or deal outcomes; they are not a proxy for every vintage. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Fund IV closed at $200M in 2023. IFC describes Fund V as a targeted $225M India-focused fund, with a $20M co-invest envelope; final close status should be checked separately.. Public terms or access information: Seed to Series A, reported cheques of $0.5–5M with a $1.5–3M median range. Fund IV is more than 90% institutional by the GP’s statement and uses a GIFT IFSC vehicle.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Pranav Pai, Siddarth Pai. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Post-2018 vintage performance vs Preqin-ranked earlier funds.
2025-11-25: 3one4 reported 2025 exits including a partial exit from Raise Financial Services and a KukuFM exit, while its Fund I reached 1.0 DPI within seven years; named portfolio evidence includes Raise Financial Services, KukuFM, Darwinbox, Licious, Bugworks and Tracxn.
Next step
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