Podcast: 3one4 Capital’s Pranav Pai on raising VC fund and investing during pandemic

Last month, early-stage venture capital firm 3one4 Capital hit the first close of its third main fund that seeks to raise a larger corpus of $100 million than its previous funds.

3one4 Capital joined a bunch of other venture capital firms such as Sequoia Capital, Lightspeed and Equanimity Ventures which announced fundraising milestones during the pandemic.

In an interaction with VCCircle, Pranav Pai, founding partner at 3one4 Capital, said the venture capital firm is on track or may even be slightly ahead of its target to mark the final close of the third fund.

He also said that the firm has been making three to five bets every quarter but all those deals were not announced. He added that it expects to maintain this pace and even sees this picking up from next year.

Established in 2015, the tech-focused VC firm has so far invested in companies such as human resources startup Darwinbox, online meat ordering startup Licious, biotech firm Bugworks, ed-tech startups Magic Crate and Oust Labs, fintech startup Faircent, farm-tech firm Aibono and vernacular news aggregator Lokal.

Pai also gave an update on the venture capital firm's opportunities fund and a seed fund that had marked their final close in December last year.

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