2025 at 3one4 Capital: Progress with Purpose

2025 has been a year of meaningful progress, focused execution, and calibrated growth at 3one4 Capital. As India’s innovation economy continues to mature, shaped by discipline rather than excess, our conviction in building for scale, resilience, and long-term value has remained central to how we invest and partner.

The discipline with which both the firm and the portfolio executed is reflected most clearly in outcomes across stages. Our earliest fund reached a meaningful point of maturity, returning principal within seven years while continuing to build toward a 4x unrealised multiple. 

Across the portfolio, companies advanced through important inflection points of scale and leadership, with Raise Financial Services entering the unicorn club and Scimplify consolidating its position beyond the $100M ARR trajectory, alongside realised outcomes through exits and liquidity events at companies including ToneTag and KukuFM. In parallel, our work beyond capital continued to deepen through research, convenings, and global engagement, mirroring an ecosystem increasingly oriented toward intent, quality, and long-term execution.

As we approach a decade of investing, 2025 stands as a year defined less by milestones in isolation and more by momentum built patiently over time, reinforcing our belief that enduring value in India is created through disciplined capital, long-term partnerships, and clarity of purpose.

Looking Ahead

As 3one4 Capital approaches a decade of investing, the firm enters a more consequential phase of its journey. Shaped by cycles of expansion and restraint, we have built an institution designed to balance ambition with consistency and growth with resilience.

2026 marks ten years since inception and the evolution from a single fund into a multi vintage platform, with over ₹4,400 crore in committed capital and a portfolio valued at $10.6 billion. The outcomes of 2025 reflected this foundation, with companies scaling with discipline, exits translating performance into realised value, and continued engagement with an ecosystem that is increasingly long term in its orientation.

Looking ahead, our focus remains clear. We aim to partner early with high quality teams, support resilient category challengers through their growth journeys, and continue converting conviction into durable outcomes. As India progresses toward a $10 trillion economy, innovation will play a central role in expanding access and opportunity. What we have built so far is both validation and a prelude. We move forward with confidence, committed to building alongside founders and partners shaping India’s next generation of enduring businesses.

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DISCLAIMER

_{The views expressed herein are those of the author as of the publication date and are subject to change without notice. Neither the author nor any of the entities under the 3one4 Capital Group have any obligation to update the content. This publications are for informational and educational purposes only and should not be construed as providing any advisory service (including financial, regulatory, or legal). It does not constitute an offer to sell or a solicitation to buy any securities or related financial instruments in any jurisdiction. Readers should perform their own due diligence and consult with relevant advisors before taking any decisions. Any reliance on the information herein is at the reader's own risk, and 3one4 Capital Group assumes no liability for any such reliance.Certain information is based on third-party sources believed to be reliable, but neither the author nor 3one4 Capital Group guarantees its accuracy, recency or completeness. There has been no independent verification of such information or the assumptions on which such information is based, unless expressly mentioned otherwise. References to specific companies, securities, or investment strategies are not endorsements. Unauthorized reproduction, distribution, or use of this document, in whole or in part, is prohibited without prior written consent from the author and/or the 3one4 Capital Group.}

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