Idg Ventures India Fund III LLC
Leopard Capital · adviser of record: Leopard Capital Advisors CO LTD · 2015 vintage
Idg Ventures India Fund III LLC is a 2015 venture fund managed by Leopard Capital, with $207mm raised (Form D, amount sold). It reported $194mm in gross assets at year-end 2025, 0.94x its size, against a peak of $318mm in 2021.
- Latest value held
- $194mm year-end 2025
- Peak
- $318mm year-end 2021
- Fund size
- $207mm Form D, amount sold
- Held vs. size
- 0.94x peak 1.54x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $194mm | 0.94x | -27% over 2 yrs |
| 2023 | $267mm | 1.29x | +2% |
| 2022 | $262mm | 1.27x | -18% |
| 2021 | $318mm | 1.54x | +78% |
| 2020 | $179mm | 0.86x | +4% |
| 2019 | $172mm | 0.83x | +38% |
| 2018 | $124mm | 0.60x | -1% |
| 2017 | $125mm | 0.60x | +62% |
| 2016 | $77.5mm | 0.37x | +0% |
| 2015 | $77.5mm | 0.37x | – |
Other funds from Leopard Capital
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-5852475833. Data updated October 13, 2026.
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