Early-stage venture capital firm 3one4 Capital has appointed Siddarth Pai as its Environmental, Social and Governance (ESG) officer, the company said in a press release on Tuesday.
Pai, who is a founding partner and the Chief Financial Officer at 3one4 Capital, will also lead the firm’s work in bringing the principles of ESG into its investment and portfolio management. This includes aligning the firm’s framework for ESG practices with its existing processes and standards, sharing ESG objectives, policies, and practices with the firm’s portfolio companies, and actively participating in the development of ESG in the Indian ecosystem.
“The firm will aim to fuse the drive for performance and the possibility of positive transformation into a collaborative framework that is tangible and practical for the best founding teams. We will continue to partner with startups that today have the unique opportunity to truly do good while creating value,” said Pranav Pai, Founding Partner, and Chief Investment Officer, 3one4 Capital.
“The value of ESG transcends the balance sheet in the long term, but it’s important to translate the short to midterm impact on the bottom line to create more awareness and add a competitive edge,” said Siddarth Pai.
3one4 Capital’s portfolio spans multiple sectors, including SaaS and Enterprise Automation, direct-to-consumer products and services, fintech, digital media, and deep tech. Within these sectors, the funds are actively investing in areas such as health-tech, ed-tech, food and agri-tech, EV and energy systems, logistics and distribution, semiconductor design, mobility, Indic language-focused applications, and more.
3one4 Capital currently oversees a corpus of Rs 1800 crore and a portfolio of over 70 investments across the early stage. Its portfolio companies include Licious, Open, DarwinBox, Jupiter, Betterplace, Koo, Dozee, Breathe Well-Being, among others.
Source: Economic Times