Archive · 7 Sep 2026
3one4 Capital Targets Diverse Startups With New IIDEA Fund
3one4 Capital is a company that invests money in young businesses.
It has started a new fund worth $15 million.
The fund will support founders working on problems in areas such as energy, farming, healthcare and technology.
It wants to find promising businesses outside the biggest cities and usual startup industries.
The firm has made money from 26 investments through successful exits.
Some companies it backed have grown quickly or been sold to larger companies.
Pranav Pai said startups now need to show that their businesses can become profitable.
He said companies should have loyal customers, useful products and costs they can manage within five to seven years.
3one4 Capital has launched the $15 million IIDEA Fund to support entrepreneurs addressing developmental challenges.
The firm says it has recorded 26 profitable exits across its first two funds.
Fund I returned all principal capital to investors within seven years while retaining shares in several companies.
The fund is targeting sectors including energy transition, agriculture, health, deeptech, manufacturing and digital infrastructure.
Pranav Pai said profitability and capital efficiency are becoming central as the cost of capital rises.
- Who
- 3one4 Capital and its Managing Partner and CIO, Pranav Pai.
- What
- The firm has launched a $15 million IIDEA Fund and outlined a stronger focus on diverse founders, non-traditional sectors and sustainable business models.
- When
- The announcement comes as 3one4 Capital marks its 10th year; the IIDEA Fund was described as recently launched.
- Where
- The fund is focused on India, including startups outside traditional urban and startup hubs.
- Why
- It aims to provide capital to entrepreneurs addressing developmental challenges and to back companies capable of achieving sustainable economics.
- New fund
- IIDEA Fund
- Fund size
- $15 million
- Firm milestone
- 3one4 Capital is completing 10 years
- Profitable exits
- 26 across Funds I and II
- Fund I performance
- Returned all principal capital to LPs within seven years
- Example exit
- Darwinbox delivered a 58.07x return and 65.08% IRR
- Target sectors
- Energy transition, agriculture, health, deeptech, manufacturing and digital health