INDIA / EARLY-STAGE TECHNOLOGY
Transformative capital for the new Indian economy.
India-focused technology investing, with deep-tech, ordinary technology and historical investments kept in view.
Connect NowFund IV cheque strategy$0.5M - $5M
Fund V reported target$225 million
Portfolio and history115 company relationships
Investing / growth contacts9 reviewed
01 / The fund
From first cheque to scale
3one4 Capital invests in Indian early-stage technology companies, including enterprise software, consumer internet, fintech, digital health, climate technology and emerging engineering businesses. The current homepage reports $570 million in committed capital. That is a firm-level figure, not the size of a single vehicle.
Fund IV: the May 2023 manager announcement says the firm accepted $200 million after $250 million of subscriptions, with a March first close and final close then expected by the end of Q1 FY 2023-24. Its stated early-stage cheque range was $0.5 million-$5 million, with a $1.5 million-$3 million median and attention to post-seed and pre-Series A rounds. The announcement's headline says closed, while its body describes a final close still to come. The dated strategy is not presented as a current promise for every vehicle.
Fund V: May 2026 reporting gives a $225 million target. The World Bank board approved up to $20 million of IFC fund equity on 5 August 2026 plus a separate up-to-$20 million co-investment envelope. That is not a $40 million fund subscription or proof of a final close. The legal disclosure distinguishes 3one4 Capital Fund V (AI Only Fund) from IFSC Fund V; brand-level references are not silently treated as the same legal scheme.
IIDEA Fund I: a separate BII managed account with a $15 million commitment dated May 2025. June 2026 reporting describes a gender-lens and inclusion strategy, around 10-15 companies, and initial cheques around $500,000 with follow-on reserves. Its holdings and terms are kept separate from Fund IV and Fund V.
Earlier vehicles: dated 2019 reporting records Continuum I at a $56 million final close against a $50 million target, and Rising I at $6.5 million against a $3.5 million target. Continuum was designed for follow-on investments in existing companies. These are not initial-cheque terms for the whole firm.
Legal registrations ↗ · Fund IV strategy ↗ · IIDEA mandate ↗02 / Portfolio
Explore by sector
115 company relationships across the current portfolio, newer announcements and investment history. The manager's 64 listing rows resolve to 63 companies after merging Lumio's duplicate Circuit House pages. Additional manager announcements, institutional LP holdings and dated investment reports fill gaps. This reconstruction includes exits and does not establish current ownership or exact legal-scheme allocation for every company.
Every company appears in the gallery. Sectors run by investment count, with Others last. Ownsite products steer categories: medical devices and drug discovery are BioTech; clinical hair restoration, health software and wellness services stay in Others. Electric-vehicle financing is not battery manufacturing. Aircraft are grouped with Space Tech / aerospace, not orbital flight. AI coding and voice models are separate from ordinary software with AI features.
The September 2026 Yulu full-exit announcement supersedes the older Active grid label. BII's scheme-specific register marks Locale and Agrileaf exited. A partial secondary sale at another company is not treated as a complete exit. Closed, inaccessible or unrelated original domains link to holding records instead. Name labels are used only where a usable authentic mark could not be verified; they are not invented logos.
Energy & Materials 7
IIDEA LP register: exited, commitment June2025
Dinnerware and other products made from fallen areca palm leaves; BII's IIDEA register marks the holding exited.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Public investment relationship; current ownership not asserted
Design and manufacture of power transformers, circuit breakers and switchgear for grid and industrial projects.
Holding record ↗
Active
Battery, charger and energy infrastructure designed for rapid electric-vehicle charging.
Holding record ↗
Public investment relationship; current ownership not asserted
Sanitary-pad collection and recycling technology that recovers usable material from menstrual waste.
Holding record ↗
Active
Specialty-chemical research, sourcing and contract manufacturing across pharmaceutical, agricultural and industrial uses.
Holding record ↗
Complete exit disclosed by manager on 25 September 2026, newer than Active grid label.
Shared electric two-wheelers and related urban mobility services. Manager disclosed a complete secondary exit in September 2026.
Holding record ↗
Public investment relationship; current ownership not asserted
Seaweed-derived packaging and coating materials designed to replace conventional plastics.
Holding record ↗BioTech 6
Active
Clinical-stage drug developer working on new antibiotics and oncology treatments.
Holding record ↗
Active
Contactless vital-sign monitoring using mattress sensors, software and early-warning alerts for care teams.
Holding record ↗
Active
Precision-fermentation and synthetic-biology research and manufacturing for bio-based products.
Holding record ↗
Public investment relationship; current ownership not asserted
AI-assisted antibody discovery and engineering for therapeutic drug development.
Holding record ↗
Public investment relationship; current ownership not asserted
Medical-equipment manufacturer Zuvio Technologies; its Pulse brand also sells electric wheelchairs.
Both pulseio.in and pulsemotion.in explicitly name Zuvio Technologies. Counted once, not as a second wheelchair investment.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Portable ECG devices and connected software for cardiac monitoring, including the Spandan range.
Holding record ↗Physical AI 6
Active
Drone surveying, mapping, manufacturing and related data services; formerly Aarav Unmanned Systems.
Holding record ↗
Public investment relationship; current ownership not asserted
Sensor-equipped smart cribs that detect infant movement and automatically rock to help settle the baby.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Connected water and wastewater-plant operations software for monitoring equipment and managing treatment processes.
Holding record ↗
Active
Connected farm sensors and automated irrigation and fertilization systems.
Holding record ↗
Active
Connected devices, computer vision and operational software for aircraft turnaround and airport resource management.
Holding record ↗AI & Compute 2
Public investment relationship; current ownership not asserted
Hardware-aware AI models and development tools for embedded and safety-critical system software.
Holding record ↗
Active
Speech-generation, speech-recognition and real-time voice-agent models and developer tools.
Holding record ↗Semiconductors 1
Active
Gallium-nitride wafers, radio-frequency components and modules for telecom, defence and other high-power applications.
Holding record ↗Space Tech 1
Active
Electric vertical-take-off aircraft developer for urban passenger, cargo and air-ambulance use. Aerospace, not orbital spaceflight.
Holding record ↗Others 92
Historical publicly reported relationship; current ownership not asserted
Consumer nutrition supplements and wellness products.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Agricultural aggregation and just-in-time fresh-produce supply chain from farms to retailers.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Consumer-brand building and distribution venture; not represented as a semiconductor or biotech business.
Holding record ↗
Active
Frontline-workforce software covering hiring, verification, onboarding, training and payroll.
Holding record ↗
Historical relationship described by BII; current ownership not asserted
Women's apparel brand with custom-fit and data-informed sizing; historical investment relationship described by BII.
Holding record ↗
Public investment relationship; current ownership not asserted
Coached digital programs for type-2 diabetes and metabolic health; not a drug-development company.
Holding record ↗
Active
Consumer app for paying credit-card bills and tracking credit obligations.
Holding record ↗
Active
Cloud software for checking healthcare claims and preventing payment errors.
Holding record ↗
Public investment relationship; current ownership not asserted
Consumer kitchen appliances and cooking tools.
Holding record ↗
Active
Enterprise software for payroll, employee records, hiring and other HR workflows.
Holding record ↗
Active
Cross-cloud disaster-recovery software for replicating, recovering and moving enterprise workloads.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Swipe-based trivia and puzzle app. Unrelated to Dubdub.ai's voice-dubbing platform.
Holding record ↗
Active
Digital health-record, clinic-management and connected-health software for doctors and patients.
Holding record ↗
Active
Packaged-food business; its current ownsite identifies the company but offers little product detail.
Holding record ↗
Active
Revenue software for sales commissions, quoting and revenue planning.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Clinically led hair-restoration and transplant clinics, operated by Follifusion Health.
Company terms explicitly name Follifusion Health Private Limited as Evoke. Clinical services, not drug discovery.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Software for deploying and managing cloud infrastructure and developer operations.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Peer-to-peer lending marketplace connecting borrowers and lenders.
Holding record ↗
Exited
Financial-data and banking-API software; retained as an exited historical relationship.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Casual and mobile-game developer and publisher, operated by Dogster Technologies.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Business communications software for routing, controlling and auditing messages across providers.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Cross-border payments, treasury and compliance infrastructure for businesses, operated by Glomopay Software.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Character, comics and animation company creating entertainment intellectual property.
Holding record ↗
Public investment relationship; current ownership not asserted
Supply and distribution platform for interior-construction materials, not a proprietary advanced-materials developer.
Holding record ↗
Active
Accounts-receivable software for collections, invoice tracking and cash-flow management.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Consumer nutrition foods and products aimed at everyday health.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Careers, learning and community platform for women, operated by JobsForHer Restart Portal.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Active
HexaHealth connects patients with surgeons, hospitals and coordinated surgery care.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Historical social and casual-game developer, including Doodle Me. Current original domain is for sale; ongoing operations are not asserted.
Original highxp.com domain currently redirects to a domain-sale page; use the holding record, not that unrelated destination.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Active
Software for banks and brands to launch, run and personalize credit-card programs.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Payments and banking APIs for businesses and financial-service providers.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Colour-cosmetics brand operated by Median Brands.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Exited
Technology-startup news, research and industry-information publisher.
Original ownsite or current product continuity could not be fully verified; link points to the holding record.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Children's clothing and consumer fashion brand, operated by Aspiring Brands.
Holding record ↗
Active
Gold-backed consumer lending and related services through financial-institution partners.
Holding record ↗
Active
Consumer money app offering partner-bank accounts, payments, spending insights and investing.
Holding record ↗
Active
Consumer Ayurvedic nutrition and wellness products, not a drug-discovery platform.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Interactive story and character-chat app using AI, operated by AFAHCC Labs.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Active
Enterprise lending, treasury and banking-infrastructure software.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Historical Indian-language social-network platform; not presented as a current operating investment.
Holding record ↗
Active
Audio entertainment, audiobooks and spoken-content platform. A partial sale is not treated as a complete exit.
Holding record ↗
Exited
Historical customer-experience and in-app assistance software in the Jiny lineage; current standalone operation not asserted.
Holding record ↗
Active
Consumer and business lending platform offering tailored credit products.
Holding record ↗
BII FundIV register: exited, commitment June2024; IFC also named as of1Jan2025
Historical operations analytics and alerting software; BII's Fund IV register marks the holding exited.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Exited
Live-streaming platform for gaming creators and viewers; a manager-listed exited relationship.
Holding record ↗
Active
Consumer-electronics brand building smart televisions and home-entertainment products; formerly Circuit House.
Holding record ↗
Exited
Historical hands-on activity and learning kits for children; retained as a manager-listed exit.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Historical short-video social app; current operation not independently verified.
Holding record ↗
Active
Revenue-data software that captures customer interactions and connects them with CRM records.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Legal workflow software for contracts, obligations, notices and disputes.
Holding record ↗
Active
Business banking software that combines payments, collections, spend controls and tax workflows.
Holding record ↗
Exited
Historical mobile training and skills-learning platform; current original-domain product details remain unverified.
Holding record ↗
Public investment relationship; current ownership not asserted
Enterprise AI adoption and engineering services, supported by an AI software stack.
Holding record ↗
Exited
Digital entertainment and creator-content business; retained as a manager-listed exit.
Holding record ↗
Public investment relationship; current ownership not asserted
AI representatives and professional profiles for talent discovery. Unrelated to the US search-analytics company with the same name.
Professional AI representative, not US AI-search analytics company.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Curated event-discovery and booking platform operated by Putting Scene Ventures.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Active
Consumer baby-care products including strollers, car seats, feeding and nursery equipment.
Holding record ↗
Active
Financial-services parent behind Dhan's stock-trading and investing platform.
Holding record ↗
Active
Employee-data and HR-software integration platform linking employers and service providers.
Holding record ↗
Public investment relationship; current ownership not asserted
Debt-collection software using automated communications and recovery workflows.
Holding record ↗
Active
Distribution and supply-chain platform serving consumer brands and retailers.
Holding record ↗
Public investment relationship; current ownership not asserted
AI agents for checking purchase orders, invoices and prices to reduce procurement errors and spend leakage.
Holding record ↗
Active
Rural commerce and distribution platform connecting consumer brands with village customers.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Women-focused financial education, planning and money-management platform. Unrelated to the cross-border payments brand SALT.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Historical predictive-analytics company associated with ScoreFast. The present domain shows an operator portal; product continuity remains unverified.
Original ownsite or current product continuity could not be fully verified; link points to the holding record.
Holding record ↗
Manager-reported exit; historical relationship retained.
Digital learning app with short instructional and skills content; manager reports an exit.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Live online yoga classes, teacher training and digital wellness programs.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Exited
No-code tools for building, backtesting and running trading strategies.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Historical home-loan comparison and refinancing service; current original-domain operation not verified.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Design-to-delivery and on-demand apparel-manufacturing services for fashion brands.
Holding record ↗
Exited
School teaching and learning software for curriculum, assessment and family communication.
Holding record ↗
Exited
Payments software and devices using sound-based and other digital payment technologies.
Holding record ↗
Exited
Private-company and investment research platform for investors and corporate teams.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Travel discovery, trip planning and community content platform.
Original ownsite or current product continuity could not be fully verified; link points to the holding record.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Teen-focused learning platform whose current source describes the Power Club learning community.
Ownsite content recovered by readable fetch; direct HTML retrieval failed TLS.
Holding record ↗
Historical publicly reported relationship; current ownership not asserted
Historical digital mental-health and wellbeing app; current original domain not verified.
Holding record ↗
Active
Electric-vehicle financing and battery-related financial services, not a battery manufacturer.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
AI-powered website search and visitor-engagement software for business websites.
Primary legal/brand mapping in saved sources needs final review.
Holding record ↗
Active
Financial-services distribution platform for smaller Indian cities, including lending and insurance.
Original ownsite or current product continuity could not be fully verified; link points to the holding record.
Holding record ↗
Exited
Historical marketing automation and customer-data software; retained as a manager-listed exit.
Original ownsite or current product continuity could not be fully verified; link points to the holding record.
Holding record ↗
Active
Online platform for investing in bonds and other fixed-income products.
Holding record ↗
Exited
Internet-access platform associated with the earlier i2e1 lineage; retained as a manager-listed exit.
Holding record ↗
Active
Cross-border shipping, customs and fulfilment for Indian sellers and exporters.
Holding record ↗
LP register underlying relationship; scheme/date-specific, not whole-firm current ownership
Auto, cab and bike-taxi booking app operated by Triffy Digital; the current Play listing binds the developer identity.
Direct HTML retrieval returned404, but provider-page fetch recovered the live listing. Availability to install was not tested.
Holding record ↗
Active
Startup and entrepreneurship news and media publisher.
Original ownsite or current product continuity could not be fully verified; link points to the holding record.
Holding record ↗
Active
Finance software for reconciling transactions, tracking cash flow and automating finance operations.
Holding record ↗03 / Team & connect
Investing and portfolio growth team
Nruthya Madappa
Partner, Growth & Capital Development
Investment support, capital raises, growth and exits.
LinkedIn profile ↗
Ayushi Garg
Principal, Investments & Capital Development
Consumer, media and SaaS, with capital-development support.
LinkedIn profile ↗
Amanda Sequeira
Investments
Current investing role verified on her personal profile.
LinkedIn profile ↗
Raghav Iyer
Investments
Current investing role, with manager research on semiconductors and energy.
LinkedIn profile ↗Reviewed 2 November 2026 against current personal profiles and manager biographies, with personal portraits matched. Investment, capital development and portfolio-growth roles are labelled separately. Finance, legal, marketing, platform and research-only positions are not promoted into investing contacts. The old homepage contains names now working elsewhere, so it is not used as a current roster. A listed role is not a promise that every person receives or approves every deal.
Official team and contact route ↗04 / Fund network
Disclosed limited partners and backing lineages
Fourteen named institutional, family-office and individual backing lineages, qualified by vehicle and date. These are not a complete LP register, and historical backers are not presented as subscribers to every new fund.
British International Investment / CDC
Fund III, Fund IV and separate IIDEA mandate
BII records a $10 million Fund IV commitment dated December 2023, marked active, and says it committed to Fund III in 2020. Its separate IIDEA Fund I managed account records $15 million in May 2025, also active. These are not one pooled fund commitment; former CDC is not counted as an extra LP.
Backing disclosure 1 ↗ Backing disclosure 2 ↗ Backing disclosure 3 ↗International Finance Corporation
Fund IV invested; Fund V board approval
Fund IV project 48115 is approved, signed and invested in 2023, with $15 million fund equity and a separate $15 million co-investment envelope described in the project. The World Bank board approved up to $20 million for Fund V plus a separate up-to-$20 million co-investment envelope on 5 August 2026. Approval does not establish signed or disbursed Fund V capital.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Catamaran / Narayana Murthy investment lineage
Reported Fund II, Continuum I and Fund IV backer
Named by dated 2018 Fund II reporting, the 2019 Continuum I final-close report and 2023 Fund IV reporting. Narayana Murthy and Catamaran are treated as one qualified backing lineage, not two LPs. No individual allocation is disclosed.
Backing disclosure 1 ↗ Backing disclosure 2 ↗ Backing disclosure 3 ↗HDFC Bank
Fund IV: reported named institutional LP
AVCJ names this institution among Fund IV LPs in 2023. The report does not disclose a subscription amount or establish the exact subscribing legal entity.
Backing disclosure 1 ↗ICICI Bank
Fund IV: reported named institutional LP
AVCJ names this institution among Fund IV LPs in 2023. The report does not disclose a subscription amount or establish the exact subscribing legal entity.
Backing disclosure 1 ↗State Bank of India
Fund IV: reported named institutional LP
AVCJ names this institution among Fund IV LPs in 2023. The report does not disclose a subscription amount or establish the exact subscribing legal entity.
Backing disclosure 1 ↗Emory Investment Management
Continuum I: reported final-close backer
Named asset manager in the 2019 Continuum I final-close report. Emory University, Emory Healthcare and The Carter Center are described as institutions it manages for, not three separately verified direct subscriptions.
Backing disclosure 1 ↗Sojitz
Continuum I: reported final-close backer
Named Japanese corporate backer of Continuum I in the 2019 final-close report. Not assumed to be either anonymous Japanese institution mentioned for Fund IV.
Backing disclosure 1 ↗Infina Finance / Kotak family investment lineage
Continuum I: reported final-close backer
Named private investment company backing Continuum I in the 2019 final-close report. Family affiliation is not counted as an additional LP.
Backing disclosure 1 ↗Nandan Nilekani family office
Fund II: dated 2018 reported backing
Reported family-office backer; exact subscribing entity and amount not disclosed.
Backing disclosure 1 ↗Kris Gopalakrishnan
Fund II: dated 2018 reported backing
Reported individual backing lineage; no amount or legal subscriber asserted.
Backing disclosure 1 ↗S. D. Shibulal
Fund II: dated 2018 reported backing
Reported individual backing lineage; no amount or legal subscriber asserted.
Backing disclosure 1 ↗Anil Rai Gupta / Ameet Gupta family office
Fund II: dated 2018 reported backing
Havells promoters family-office lineage named in the report. The two people and their company are not counted as three independent LPs.
Backing disclosure 1 ↗Reliance Ventures
Fund II: dated 2018 reported backing
Reported named backer; not expanded into inferred commitments from other Reliance entities.
Backing disclosure 1 ↗Unnamed endowments and Japanese institutions are not guessed. Fund managers, trustees, advisers, co-investors and portfolio companies are not counted as LPs merely because they appear nearby. Approved envelopes, commitments and money invested are kept distinct.