A91 Partners positions itself between venture capital and private equity, funding Indian companies raising roughly $10M-$30M rather than early-stage seed rounds, and was founded by former senior Sequoia India partners who went on to raise one of India's largest debut VC funds at $351M. The firm keeps its portfolios small and concentrated, typically 13 to 19 companies per fund, and is willing to back traditional, less flashy industries like spices, dry fruits, and home appliances alongside software companies.