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A91 Partners

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Dossier Summary

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Classification
Sluga91-partners
HQMumbai
Stage FocusA91 focuses on Series B and C rounds, typically investing…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Here's the real deal on A91: They're the 'Sequoia mafia' done right. Founded by three former Sequoia managing partners, they actually know how to build companies, not just write checks. Their $665M third fund closed in April 2025 was one of the largest VC fundraises in India, signaling serious LP confidence. The portfolio speaks volumes - Digit Insurance is expected to go public, and they've had partial exits from Atomberg and spice maker Pushp. What founders love: these guys actually get their hands dirty post-investment and have the operational chops to help scale. What to watch: they're raising average investment sizes to $35-40M with their new fund, so they're moving upmarket and may be less accessible for smaller rounds.

KEY TAKEAWAYS
  • Best for: Growth-stage consumer and fintech companies needing operational expertise
  • Watch out for: Moving upmarket with larger check sizes, may not do smaller rounds
  • Known for: Ex-Sequoia team with strong founder relationships and hands-on approach
Investment Thesis

A91 Partners will focus on growth-stage investments across consumer, healthcare, fintech, and tech sectors. A91 was built on a simple but powerful belief: that India needed a homegrown investment firm focused on long-term value and relationships, not just short-term wins.

Stage & Sector Focus

A91 focuses on Series B and C rounds, typically investing between USD 10 million and USD 50 million. The firm prefers to invest in India's consumer, financial services, software/services, and healthcare sectors. Portfolio evidence shows heavy focus on consumer brands, fintech, and B2B SaaS companies.

Notable Portfolio
Digit InsuranceSugar CosmeticsInshortsMoEngageAtombergExotelHealthKartPaper Boat
Key Partners
Abhay Pandey
General Partner

Former managing partner at Sequoia Capital India. Prior to Sequoia Capital, Abhay worked as an investment banker with DSP Merrill Lynch and as a management consultant at McKinsey & Co. Known for his operational approach and focus on founder development.

Gautam Mago
General Partner

Former managing partner at Sequoia Capital India. Founded A91 Partners in 2018 to support Indian entrepreneurs building long-term businesses. Strong reputation in consumer and technology investments.

VT Bharadwaj
General Partner

Former managing partner at Sequoia Capital India. Part of the founding team at A91. Brings deep experience in growth-stage investing and scaling Indian businesses.

Kaushik Anand
Partner

Formerly of CapitalG, Google's growth equity arm. Co-founded A91 Partners in 2018 bringing tech sector expertise and global perspective.

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