India, March 14 -- Venture capital firm 3one4 Capital today claims to have clocked a multiple on invested capital (MOIC) of 58X over seven years on its investment in HR tech platform Darwinbox.

In a statement, the investment firm said that its Fund I clocked an internal return rate (IRR) of 65.08% after Darwinbox's mega $140 Mn fundraise, led by Partners Group and KKR, earlier this month.

For context, IRR measures the annualised return on invested capital over time, considering cash flows and the time value of money. MOIC represents the total value generated from investments relative to the amount invested.

The investment fund said that its maiden fund achieved a "+1.0 DPI (distributions to paid-in capital (DPI)" within a seven-year cy...