
India's 3one4 adds partner

India’s 3one4 Capital has promoted Nruthya Madappa, head of the VC firm’s growth and capital development team, from director to partner. It brings the total number of partners to four.
3one4 described the elevation of Madappa as underscoring a commitment to building leaders from within, as well as to supporting the success of portfolio companies. It follows the promotion of Anurag Ramdasan from principal to partner in 2021.
Madappa, whose expertise spans technology, finance, and economic policy, joined 3one4 in 2020 and has been described as a driving force in the early-stage investor’s expansion. Previously, she founded CoWrks Foundry, an accelerator that connects Indian start-ups with Yale and Columbia University.
She is credited with identifying and supporting digital banking provider Open Financial and jobs platform BetterPlace. Open raised about USD 50m last year at a valuation of USD 1bn, while BetterPlace raised USD 40m last December, reportedly nearing unicorn status.
“As a partner, Nruthya's background in creating and growing multiple businesses to market-leading positions, both as a venture capitalist and previously at high-growth companies, makes her the ideal partner for founders in growth-stage scaling,” 3one4 said in a statement.
“She collaborates deeply with exceptional founders and mobilises a global set of resources and relationships to amplify their scale. The deep involvement model that is embedded in the firm's DNA at 3one4 Capital has significantly heightened in coverage thanks to her contributions.”
3one4 focuses on software-as-a-service, enterprise automation, financial technology, consumer internet, and digital health, as well as machine-driven actionable intelligence services, digital media, ambient intelligence technologies, logistics and distribution, and climate and sustainability technology.
The firm was set up by brothers Pranav and Siddarth Pai, whose father, TV Mohandas Pai, was a senior executive at Infosys. It launched its fourth VC fund in December with a target of USD 200m; Fund III closed on INR 10bn (USD 122m) in 2021.
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