A Reliance Industries subsidiary has contributed to the Indian venture firm's $39.3m 3one4 Capital Fund II, which will invest up to $2m per deal.
India-based venture capital firm 3one4 Capital has closed its second fund at Rs 2.5bn ($39.3m), having raised capital from limited partners including Reliance Ventures, a subsidiary of conglomerate Reliance Industries.
Reliance was joined by DSP Investments and an assortment of private investors including Kris Gopalakrishnan, co-founder and vice-chairman of IT services provider Infosys, and Surendra Ramanna, founder and chairman of engineering services firm TRC Worldwide Engineering.
Founded in 2015, 3one4 targets areas such as enterprise intelligence and automation, media and…
