SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.
IIDEA Fund (IN/AIF1/25-26/1780) is a SEBI-registered Category I Alternative Investment Fund (registered April 2025) managed by 3one4Capital Advisors LLP — the investment manager for the 3one4 Capital fund family. 3one4 Capital is a Bengaluru-based early-stage VC firm founded by Pranav Pai and Siddarth Pai, managing USD 570M+ in committed capital across 5 unicorns and 100+ portfolio companies. 3one4 is India's first VC signatory to the UN PRI and has been ranked by Preqin as India's top-performing VC firm for two of its funds. IIDEA Fund is registered at Office No. 01, 5th Floor, 1 Sobha, 50 St. Marks Road, Bengaluru – 560001 — the same address as 3one4 Capital's office. SEBI contact is Siddarth Pai (Founding Partner). NOTE: IIDEA Fund does not appear on 3one4's public AIF registration page (which lists only 3one4 Capital Trust, 3one4 Capital India Internet Dynamics, and 3one4 Capital IFSC Fund). IIDEA Fund is likely a dedicated angel/seed vehicle or co-investment fund registered separately under 3one4Capital Advisors LLP.
Pranav Pai
Fund managerFund Manager
Pranav Pai is the Founding Partner and Chief Investment Officer at 3one4 Capital. Pranav leads investments and portfolio construction at 3one4Capital. As CIO, he has led over 70 seed and venture capital investments across several investment categories in India and the US. Pranav is deeply involved with the startup ecosystem in India. He served as the Co-President of Stanford Angels and Entrepreneurs India and the National Vice Chairman of the All India Management Association's (AIMA) Young Leaders Council. Pranav received the "35 Under 35" award from Entrepreneur Magazine, India and the "40 Under 40" Alternative Investments Professionals of India award from the Association of International Wealth Management of India (AIWMI) and the Indian Association of Alternative Investment Funds (IAAIF). He was also on the GQ List of 25 Most Influential Young Indians 2020-21. Pranav graduated with a Master's in Electrical Engineering from Stanford University.
Anurag Ramdasan
Partner
Anurag Ramdasan is Partner at 3one4 Capital and heads Investments at the firm. As an intrinsic part of 3one4 Capital since its inception, he has built a highly dynamic and flexible investment strategy to go along with the hyper-growth of the firm. He has been deeply involved in directly investing and managing over 30 of the 70+ strong portfolio companies at 3one4 Capital including one of India's largest social networking platforms (Koo), a multi brand tech-enabled distributor (Ripplr), a distributed personal finance platform for small town India (WeRize), a hyper local social content platform (Lokal), among others. Under Anurag's tenure at 3one4 Capital, the firm saw a scale-up to over 5000 deals a year consistently and has been giving top decile returns consistently. In addition to leading investment strategies and strengthening portfolio management across funds, Anurag also supports the expansion of 3one4 Capital's stage focuses and team as the firm continues to scale its AUM. Before 3one4 Capital, Anurag architected the tech platform for the ed-tech firm, Edcast, where he was part of the founding team. Independently, Anurag writes code and is the brain behind multiple apps that are currently running live. He is also part of organisations such as Code For India, Global Shapers Initiative to name a few. Anurag has completed his Bachelor's in Engineering from the University of Mumbai, India.
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Nruthya Madappa
Partner & Head of Growth and Capital Development
Nruthya Madappa is a Partner and Head of Growth and Capital Development at 3one4 Capital. In addition to supporting investments, topline and capital growth for the portfolio at the firm, Nruthya works closely with global institutional and strategic investors to drive the growth of portfolio companies. Her team partners strongly with portfolio companies to plan and achieve financial and strategic objectives including capital raises, revenue acceleration, M&A, and exits. Over her career in the US and India, Nruthya has led global teams across technology, finance, real estate, education and economic policy. Before 3one4 Capital, Nruthya founded and led The CoWrks Foundry (a business accelerator for early stage companies) as Managing Partner, investing in over 25 companies and establishing global partnerships with Yale and Columbia University. Prior to The CoWrks Foundry she drove the Revenue and Growth orgs at Cuemath. Throughout her career, Nruthya has designed and scaled products, and raised capital for high-growth companies - strengths she brings to bear for the 3one4-portfolio. Nruthya holds BS and MS degrees in Electrical Engineering from Stanford University and an MBA from Harvard Business School.
Richard Pinto
Principal & Head of Portfolio Management and Finance
Richard Pinto is the Principal and Head of the Portfolio Management and Finance team at 3one4 Capital. Richard leads a team that primarily works across the three verticals of Management, Monitoring and Finance with the firm's 70+ portfolio companies. Management of the portfolio companies encompasses identification of key issues and creation of solutions to streamline business functions, driving growth and scale. Monitoring entails oversight of day to day financial transactions and business operations. Finance provides a layer of guidance and standardisation of internal financial/accounting practices, reporting, and finance team structure. In addition, he spearheads financial due diligence, streamlines internal reporting processes, builds relationships with key stakeholders and third party service providers for 3one4 Capital. Prior to 3one4, Richard spent over 4 years with the "Big Four" of accounting and consultancy. Here, he mainly focused on auditing and due diligence across sectors of real estate, manufacturing, and renewable energy. Richard holds a Bachelor's Degree in Commerce from St. Joseph's College of Commerce.
Ashwini Thulsaram
Principal & Head of Governance, Business Integrity and Closures
Chartered Accountant, Company Secretary
Ashwini Thulsaram is the Principal and Head of the Governance, Business Integrity and Closures (GBIC) at 3one4 Capital. At 3one4, Ashwini manages end-to-end deal closure processes that entail deal structuring, negotiation, closure of definitive documents, associated diligence, and valuation exercises. She also advices portfolios in relation to compliance issues taking into consideration the best practices of business at the intersection of the law. Ashwini has the rich experience of having managed more than 70+ portfolio companies ranging from early to growth stages. She ensures that the delicate and indispensable balance between shareholder interests and the independence of the founding team members is maintained. Prior to working at 3one4, she worked at a fintech startup in the blockchain space for 1.5 years where she managed the finance vertical. Drawing from her experience, she ensures that 3one4's portfolio companies balance robust and resilient structures with the agility and responsiveness required in the early stage of startups. Ashwini is a Chartered Accountant from the Institute of Chartered Accountants of India, a Company Secretary from the Institute of Company Secretaries of India and holds a Bachelor of Commerce degree from Christ University, Bangalore.
Nitya Agarwal
Vice President
Nitya Agarwal is Vice President at 3one4 Capital.
Sonal Saldanha
Vice President
Sonal has built systems and processes to achieve strong coverage without compromising founder or referrer experience, all while maintaining a lean investments team. In addition to managing routine investments workflows, Sonal looks at fintech, enterprise software, and deep-tech focus areas for the firm. He has been an integral part of the firm's investments in a number of category-defining companies. Having built sourcing and evaluation capabilities across sectors, Sonal will double down on themes within enterprise, fintech and deep-tech as a Principal at 3one4.
Ayushi Garg
Principal
Ayushi Garg joined the firm in 2020 as a key pillar of 3one4 Capital's strategic growth plan and has been leading the Growth and Capital Development team in the Consumer, Media, and SaaS sectors. She has been instrumental in executing fundraising and M&A transactions across stages and continues to expand the global base of top-tier private equity, VCs, and global strategics as co-investors. With a track record in technology deal-making and corporate innovation, Ayushi supports our portfolio companies in scaling their business across multiple stages of investment to advance their efficiency and profitability with continuous product innovations and enhanced customer experience. Ayushi previously led early-stage investing and supported founding teams with business development, strategy, and fundraising at The CoWrks Foundry (CoWrks' early-stage investing arm and accelerator platform focused on accelerating global innovation). Prior to The CoWrks Foundry, Ayushi built sector thesis and market intelligence for Consumer & Retail verticals at Tracxn. Ayushi holds a Bachelor of Engineering Degree in Material Science and Metallurgical Engineering from NIT Bhopal and was an Indian Academy of Science fellow at IISC Bangalore.
Yash Kalro
Vice President
Yash Kalro is Vice President at 3one4 Capital.
Siddarth Pai
Founding Partner
Chartered Accountant
Siddarth Pai is the Founding Partner, CFO, and ESG Officer of 3one4 Capital. Siddarth is the youngest Executive Council member of the Indian Venture Capital Association (IVCA) - the apex body for Indian funds investing into alternative assets. He also serves as the Co-Chair of the Regulatory Affairs Committee, working on matters related to security markets, Alternative Investment Funds, taxation, foreign exchange, law, and startups. He is an expert policy member of the Indian Software Product Industry RoundTable (ISPIRT), a Bangalore based think-tank and is part of the startup councils of CII and AIMA. Siddarth completed his B.Com from St.Joseph's College of Commerce Bangalore and is a qualified Chartered Accountant
Anand Batra
Investments
Anand Batra is a seasoned investment professional and operator with deep expertise in scaling high-growth businesses. Currently part of the investment leadership at 3one4 Capital, Anand brings a unique combination of operational and venture experience to the firm's high-conviction investment approach. Previously, Anand served as the CFO at Pepperfry, India's largest furniture retailer, backed by Norwest, Goldman Sachs, Bertelsmann, and General Electric Pension Trust, where he led financial and corporate strategy, fundraising, category management, and performance marketing during key growth phases. His investment roles at Z3Partners and IvyCap saw him work closely with growth-stage startups to build sustainable, scalable models. Anand's dual perspective as both a builder and backer adds depth to 3one4's platform as it partners with transformative companies. Anand started his career as an investment banker at Lazard and Avendus Capital and is a graduate of the London School of Economics.
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