Bangalore-based early-stage venture capital firm 3one4 Capital has promoted Nruthya Madappa to partner to strengthen its portfolio and support its investee startups.
Madappa had joined the firm in 2020 as the principal and head of growth and capital development and was promoted to director for the growth and capital vertical last year. She has been supporting early-stage startups since 2017, when she founded The Foundry, and has worked for CoWrks, Cuemath, and TeachAIDS in several positions. Madappa has been instrumental in securing funding, driving revenue growth, and facilitating successful exits, according to reports.
In a LinkedIn post, Madappa stated that it was a privilege to work alongside the 3one4 Capital team, supporting visionary founders. The VC firm, founded in 2015 by Pranav Pai and Siddarth Pai, focuses on early-stage investments in SaaS, enterprise and SMB automation, fintech, consumer internet, and digital health industries. It prefers investing in ML, AI, digital media, logistics, and sustainability tech.
3one4 Capital has raised $318.5m across five funds, with its latest being 3one4 Capital Fund III. Earlier this year, it exited early-stage edtech startup Toddle with a 6.6X return on its investment.
Despite the ongoing funding winter, there has been no decline in the number of fund launches. On April 25, Chanakya Fund Trust launched its maiden INR 100 Cr ($12.5m) sector-agnostic fund for startups and small and medium enterprises.