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Angel Investor (Individual)

Investments

4

Portfolio Exits

2

About Pranav Pai

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Latest Pranav Pai News

Raising more capital could dilute asset quality, says 3one4 Capital’s Pranav Pai

Jul 20, 2023

20 July, 2023 Even as Indian early-stage venture capitalist 3one4 Capital had the option of raising a much higher sum for its fourth investment vehicle, it chose to stick to its earlier $200-million target amidst current macroeconomic headwinds. The capital raised by the fourth fund is roughly the same size as its predecessor, which closed in 2020. “This, we thought, would be a prudent decision keeping the current vagaries of the global economy in mind, although I must say India is doing much better than others,” Pranav Pai, founding partner at 3one4 Capital told DealStreetAsia. The fourth vehicle drew significant interest from limited partners (LPs) and saw it get oversubscribed to over $250 million within a short span of its launch in January 2023. The fund was closed in May. “Companies can raise Rs 10 crore in the first round and then Rs 10,000 crore in the next few rounds, and that’s a 1000x growth. But funds can’t and should not grow like that suddenly,” said Pai. “If you suddenly give us half a billion, what will change? It’s not like we can work better with these companies. If we invest in more companies, we may actually end up diluting the quality of our assets,” he added.

Pranav Pai Investments

4 Investments

Pranav Pai has made 4 investments. Their latest investment was in Yellow as part of their Pre-Seed on November 16, 2022.

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Pranav Pai Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/16/2022

Pre-Seed

Yellow

Yes

360 ONE, Apramaeya Radhakrishna, Mukund Rao, TT Jagannathan, Undisclosed Angel Investors, and Undisclosed Investors

2

7/17/2018

Angel - II

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10

8/10/2016

Angel

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$99M

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10

3/1/2016

Seed

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10

Date

11/16/2022

7/17/2018

8/10/2016

3/1/2016

Round

Pre-Seed

Angel - II

Angel

Seed

Company

Yellow

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Amount

$99M

New?

Yes

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Co-Investors

360 ONE, Apramaeya Radhakrishna, Mukund Rao, TT Jagannathan, Undisclosed Angel Investors, and Undisclosed Investors

Sources

2

10

10

10

Pranav Pai Portfolio Exits

2 Portfolio Exits

Pranav Pai has 2 portfolio exits. Their latest portfolio exit was Vebbler Technologies on March 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/10/2021

Acquired

$99M

8

9/30/2020

Acquired

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$99M

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10

Date

3/10/2021

9/30/2020

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

8

10

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