India, May 11 -- Venture capital (VC) firm 3one4 Capital is gearing up to launch its fifth fund, with a likely target corpus of $225 Mn.

Called 3one4 Capital IFSC - Fund V, the fund will look to back early-stage startups across Seed and Series A rounds. The corpus will primarily target startups operating in sectors like AI and SaaS, enterprise and manufacturing automation, fintech, deeptech and consumer internet.

This comes a week after World Bank's private lending arm International Finance Corporation (IFC) proposed a $20 Mn equity investment in 3one4 Capital's fifth fund. The IFC website noted that the fund was targeting a corpus of $225 Mn.

Confirming the development to Inc42, the VC firm's founding partner and chief investment offi...