A91 Partners
A91 Partners is an India-focused growth-stage private equity and venture capital firm founded in 2019, investing across consumer, financial services, healthcare, and technology sectors. It manages multiple SEBI-registered Category II Alternative Investment Funds with a portfolio of approximately 30 companies.
- Company typePrivate
- Founded2019
- HeadquartersWorli, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What A91 Partners does
A91 Partners is an India-focused growth-stage private equity and venture capital firm founded in 2019 and headquartered in Mumbai (Worli), with a second office in GIFT City, Gandhinagar. The firm invests across consumer brands, financial services, healthcare, and technology sectors, backing Indian founders transitioning businesses from start-up to scale-up phases. As of the most recent data, the portfolio comprises approximately 30 companies including Sugar Cosmetics, Atomberg, Paperboat, Giva, Rare Rabbit (House of Rare), TechnoSport, Aye Finance, HealthKart, Citykart, MoEngage, Exotel, Shipsy, KaarTech, Deccan AI, Sedemac Mechatronics, IntrCity SmartBus, Akshayakalpa, and Niva Bupa, among others.
The firm operates three primary fund vehicles — A91 Emerging Fund I, II, and III, together with corresponding Trust structures — all registered with SEBI as Category II Alternative Investment Funds under the SEBI (AIF) Regulations 2012, with 4Point9 Capital Advisors LLP acting as investment manager. Revenue is generated through fund management (management fees on committed and deployed capital) and carried interest from successful exits, including the SEDEMAC Mechatronics IPO in March 2026 (Rs 325 crore realized) and the Aye Finance IPO (February 2025). The leadership team comprises three General Partners (Abhay Pandey, VT Bharadwaj, Gautam Mago) supported by a CFO, Partners, Investors, Investment Analysts, and Finance staff, with a stated philosophy of being patient, active partners who bring the entire firm (not just the lead partner) to every investment.
In 2025, A91 closed a USD 665 million fundraise — among the largest Indian PE/VC fundraises that year — and the firm has been recognized with the AVCJ Private Equity & Venture Capital Awards 2025 and the IVCA Alternate Capital Excellence Awards 2026. Recent strategic activity demonstrates increasing deal size (Rs 250-538 crore rounds), deeper co-investment relationships with global institutions (Goldman Sachs Alternatives, Prosus Ventures, Temasek-backed ABC Impact, ChrysCapital, TPG NewQuest), and a deliberate tilt toward AI infrastructure and tech-enabled consumer themes.
A91 Partners firmographics
Firmographics- Name
- A91 Partners
- Legal name
- A91 Partners LLP
- Website
- https://www.a91partners.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- A91 Partners is an India-focused growth-stage private equity and venture capital firm founded in 2019, investing across consumer, financial services, healthcare, and technology sectors. It manages multiple SEBI-registered Category II Alternative Investment Funds with a portfolio of approximately 30 companies.
- Ownership category
- akta.pro rank
A91 Partners industry classification
Industry- Product category
- Private Equity / Venture Capital Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industries
- Early-Stage Venture Capital (Series A/B) (FSANAAAB), Business Services (B2B) Growth Equity (FSANACAD)
Keywords
Where A91 Partners is headquartered
LocationHeadquarters
- HQ city
- Worli
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
A91 Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management and Investment Returns: A91 Partners generates returns through capital appreciation of portfolio companies, management fees from fund operations, and carried interest from successful exits. The firm manages multiple alternative investment funds (A91 Emerging Fund I, II, III and corresponding Trust funds) registered with SEBI as Category II AIFs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
A91 Partners product offering
Product offeringCore offering
A91 Partners is an India-focused growth-stage private equity and venture capital firm that manages multiple SEBI-registered Category II Alternative Investment Funds (A91 Emerging Fund I, II, III and corresponding Trust structures). The firm invests patient capital into Indian founders building enduring businesses transitioning from startup to scale-up, with active partnership and stewardship across consumer, technology, financial services, and healthcare sectors.
Product overview
A91 Partners is a private equity firm registered with SEBI as a Category II Alternative Investment Fund (AIF) manager. The firm does not offer a technology product or software service—it is an investment management company that provides growth capital to early and growth-stage companies in India. As such, it does not have a product portfolio, software modules, or technology offerings to report. The firm's business consists of fund management across multiple vehicles (A91 Emerging Fund I, II, III and corresponding Trust structures) and portfolio company investments across sectors including consumer brands, fintech, SaaS, healthcare, and mobility.
Differentiator
Problem solved
Functional benefit
Products and services
- A91 Emerging Fund I SEBI-registered Category II Alternative Investment Fund managed by A91 Partners, deployed in early investments across consumer, fintech, and SaaS companies in India. Target customers are institutional Limited Partners committing capital to the fund vehicle.
- A91 Emerging Fund II SEBI-registered Category II Alternative Investment Fund managed by A91 Partners, focused on growth-stage Indian businesses including D2C consumer brands, health platforms, and enterprise SaaS. Target customers are institutional Limited Partners.
- A91 Emerging Fund III SEBI-registered Category II Alternative Investment Fund managed by A91 Partners as the third-generation fund vehicle for growth-stage investments in Indian companies. Target customers are institutional Limited Partners.
Quantifiable outcome
- SEDEMAC IPO generated Rs 325 crore for A91 Partners with over 3X returns for investors
- +1 more outcomes
Companies that use A91 Partners
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
A91 Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
A91 Partners partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights6 records
A91 Partners competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
A91 Partners social profiles
Digital presenceA91 Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
A91 Partners leadership team
Management profileNumber of profiles
Profiles4 records
A91 Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
A91 Partners M&A and investment
M&A and investmentM&A
Investments70 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about A91 Partners
What does A91 Partners do?
A91 Partners is an India-focused growth-stage private equity and venture capital firm that manages multiple SEBI-registered Category II Alternative Investment Funds (A91 Emerging Fund I, II, III and corresponding Trust structures). The firm invests patient capital into Indian founders building enduring businesses transitioning from startup to scale-up, with active partnership and stewardship across consumer, technology, financial services, and healthcare sectors.
Is A91 Partners a public or private company?
A91 Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was A91 Partners founded?
A91 Partners was founded in 2019. It employs 11 to 50 people.
Where is A91 Partners based?
A91 Partners is headquartered in Worli, India, in the Asia region.
How does A91 Partners make money?
One revenue line is on record: fund Management and Investment Returns.
Does A91 Partners have an API?
No public API is recorded for A91 Partners.
What industry is A91 Partners in?
A91 Partners's product category is Private Equity / Venture Capital Fund Management. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 523940 and its SIC code is 6282.