3one4 Capital

By 2023, India produced 108 unicorns valued at $340 billion, with projections indicating the tech sector will contribute 10% to India's GDP by 2030. This maturing phase is reflected in the public markets' growing acceptance of tech companies, a shift that has reshaped the Indian stock market. Anurag Ramdasan (Partner) and Yash Narain (Strategy Research) discuss the market's appetite for tech stocks. As more startups move towards public offerings, tech stocks are set to become a significant part of Indian indexes, potentially comprising 20% within two decades. This trend, coupled with India's vast tech talent and innovation, positions the country's tech sector for global success, making the coming decade crucial for first movers in the market. Detailed read on our blog: https://t.ly/YdQFC

India ranked as the fourth highest-funded country in the global tech startup ecosystem during the first half of this year, with startups securing $4.1 billion from PE/VC. Nruthya Madappa (Partner) highlighted the resilience of India's investment landscape, noting, "India has seen a steady uptick in investments despite deal activity being broadly muted in Asia." She expressed optimism for increased investments through late 2024, driven by strong macroeconomic conditions and robust tech IPO performance. More on DealStreetAsia: https://t.ly/V6s26

3one4 Capital is thrilled to lead Circuit House Technologies' $4.3 Million funding round, alongside Stellaris Venture Partners, with participation from prominent angel investors. Circuit House, co-founded by Xiaomi India's former CBO Raghu Reddy and Flipkart's ex-Senior Director Kailash Sankaranarayanan, is a new breed of Indian consumer electronics company. They're dedicated to solving a growing problem: a market where competition on price alone is resulting in saturation with products lacking differentiation. The funding will be allocated to building a world-class cross-functional team, advancing R&D, and developing cutting-edge consumer electronics. We are excited to partner with Raghu and Kailash on their journey. Circuit House's focus on value-driven, high-performance products will position them perfectly to meet the growing demand from consumers who prioritise quality and performance. 🚀

Pazcare now boasts an impressive reach of over 8,000+ pin codes across the country – the highest network coverage offered by any health checkup facilitator.  🚀 🥇 This commitment to end-to-end accessibility extends beyond geographical reach.  Pazcare's health checkup vertical streamlines the entire process, providing users with test reports generated within 24 hours. Further solidifying its position in the space, Pazcare has recently surpassed 100,000 downloads on Play Store and has insured over 300,000 lives, partnering with major companies across India. 🙌 Sanchit Malik | Manish Mishra

Nitya Agarwal (VP) will be on the panel for Recur Club's event on "How to Hyper-Scale beyond PMF: Decoding Capital, Team, and Strategy." The panel will explore effective strategies for entering new markets, expanding product lines, operational scaling, and capital management during periods of rapid growth. The gathering is tailored for growth-stage founders seeking to elevate their startups and SMEs to new heights. Sign up here: https://lnkd.in/gaEjH7QZ

LOBB Logistics, India’s fastest-growing digital freight brokerage platform, has raised $2.9 million in funding from a host of prominent investors. Founded by industry veterans like Venu Kondur and Jayaram Raju K, Lobb addresses inefficiencies in traditional freight brokerage, such as opaque pricing, idle time, and unprofitable routes, through advanced technology that automates processes and provides real-time data. Using Lobb's platform, fleet owners see a 40% increase in truck utilisation, reduced halting hours, and a one-day reduction in delivery time per trip. Operating in 22 cities through an asset-light model and a multilingual app, Lobb is profitable and on track to reach 500 crores in revenue within two years. With 170 crores ARR, Lobb's growth aligns with India's digital economy and the Make in India movement. Lobb currently serves over 1,200 logistics companies and 5,000 fleet owners with 30,000+ trucks. The funds raised will help Lobb to: - Scale operations and expand its network to over 50 geographies in India 📈 - Grow its team across various functions to enhance the fulfilment ratio ⚡ - Strengthen their tech using GenAI, ML, and Big Data 💡 Lobb has steadily expanded its digital brokerage model and is poised for significant growth. We’re excited to see Venu and his team drive progress in this sector, helping India address inefficiencies in the transportation industry with a focus on data-driven solutions and improved working capital management. Hemanth G

India's economy is characterised by a strong volume-driven business model, particularly in consumer goods and services. This model has been successful for both domestic and multinational companies, allowing them to tap into the country's growing middle-income and rural markets. A prime example of this success is highlighted in our recent episode of The Record. K.V. Kamath discusses the introduction of single-use shampoo sachets in India 20-25 years ago. These sachets made shampoo affordable for a wider audience and relied on two key principles: reducing unit costs and capitalising on large sales volumes. Watch the full episode on our YouTube: https://lnkd.in/gy8SeQig

Over the past decade, India has seen transformative socio-economic advancements with widespread access to essential services like housing, electricity, water, food, education, and digital inclusion. However, income growth has been uneven, particularly for agricultural workers. To address this, Mohandas Pai and Nisha Holla suggest a direct benefit transfer (DBT) scheme for rural women to enhance their economic freedom. The article also proposes tax relief for the middle-income category, with a restructuring of income tax slabs. With expected higher economic growth and surplus dividends from the RBI and PSUs, these initiatives can be funded without additional borrowing. Read more: https://lnkd.in/gPYTrW3y

Anurag Ramdasan (Partner) anticipates that over 40% of growth-stage companies will achieve profitability within the next two to three years. He also underscores the importance of setting realistic expectations for early-stage companies, where the focus remains on achieving product-market fit and growth as the primary indicators of value creation. More on Financial Express (India): https://t.ly/WgQTn

Nitya Agarwal (VP) discusses the growing investment and innovation in India's healthcare sector, noting a significant increase in health expenditure and the rise of insurance penetration. Key initiatives like Ayushman Bharat PM-JAY improve patient outcomes through digital health interfaces and electronic health records. The article underscores India's potential in global healthcare innovation, driven by cost-efficient research and development, particularly in pharma and biotech. In-depth read on our blog: https://t.ly/hrzrH #healthcare