PROJECT

Projects

Summary of Investment Information

Project Number

39362

Company Name

IDG VENTURES INDIA FUND III LLC

Date SPI Disclosed

Jan 27, 2017

Country

India

Region

South Asia

Projected Board Date

Feb 27, 2017

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 18, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Mar 1, 2017
Signed : Jun 2, 2017
Invested : Jun 29, 2017

Sector

Venture Capital Fund

Project Description

The proposed project consists of an equity investment of up to US$ 20 million in IDG Ventures India Fund III LLC (the “Fund” or “IDG III”), a self-managed closed-end fund domiciled in Mauritius with a target size of $200m. The Fund seeks to focus primarily on Series A/B investments with selective seed and later stage investments in technology and technology enabled companies in India across Consumer Internet, Software, Health-tech and Fin-tech sectors.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation