3one4 Capital's Fund I Achieves Full Capital Return in Record Time

In a significant milestone for Indian venture capital, 3one4 Capital's Fund I has achieved a +1.0 Distributed to Paid-In Capital (DPI) within seven years of its final close, fully returning principal capital to its investors. This accomplishment demonstrates 3one4 Capital's industry-leading performance, positioning it among the first Indian VC firms to deliver a full capital return on a seven-year venture cycle. The fund is on track to deliver an additional 4x multiple on unrealized value throughout the remainder of its term. Notably, the firm's exit strategy and investment selections have led to a variety of successful exits, including through IPOs, mergers and acquisitions (M&A), and share sales to late-stage investors. Key exits include Darwinbox, which achieved a MOIC of 58.07x and an IRR of 65.08%, as well as companies like Licious and Bugworks. The firm has successfully raised $898 million in follow-on funding for its portfolio, and over 80 rounds of follow-on equity have been closed at higher valuations. As 3one4 Capital continues its strategic investment approach, it anticipates more successful exits and is preparing for IPO filings over the next 18 months, further cementing its role as a leading player in India's growing venture capital ecosystem.