VC firm Quona Capital announces close of its third fund at $332 mn

Company has invested in more than 17 start-ups in India, has almost 30% of its global team in country

Quona Capital, an emerging markets venture capital firm, has announced the final close of its Fund III at $332 million, exceeding its $250 million target. This is Quona Capital's third fund since inception, bringing the firm’s aggregate committed capital to over $745 million. 

Quona focuses its investments on technology companies that are expanding access to financial services for consumers and businesses in India, Southeast Asia, Africa, Latin America and Middle East and North Africa. 

Quona Capital has invested in more than 17 start-ups in India that include India Mart, Zest Money, Fisdom, Shivalik Bank, and Neogrowth.  

Quona’s Fund III investors