Capria Ventures Closes India Opportunity Fund at Rs 153 Crore, Announces Successful Exit from Awign

Capria Ventures, a leading early-stage investment firm, has successfully concluded fundraising for its India Opportunity Fund, securing a total of Rs 153 crore (approximately $19 million). This achievement marks a significant milestone for Capria, enabling them to continue supporting promising startups across India.

Building on Previous Success

Previously known as Unitus Ventures, Capria announced the initial closing of the India Opportunity Fund at Rs 80 crore in February 2023. This latest fundraising round demonstrates strong investor confidence in Capria's ability to identify and nurture high-growth potential businesses.

Portfolio Highlights and Strategic Exit

Capria's India Opportunity Fund has already played a crucial role in backing innovative startups across various sectors. Companies like BetterPlace (workforce management), Cuemath (online math education), Masai School (edtech), and Eduvanz (education loans) have all received valuable funding through this initiative.

Capria also recently announced a successful exit from Awign, a job-tech company. Following its acquisition by Japanese HR firm Mynavi Corporation, Capria has achieved a full-cash exit, generating significant returns for its India Fund II.

Surya Mantha, Managing Partner at Capria Ventures, commented: "Mynavi's acquisition of Awign not only validates the company's potential but also signifies a remarkable exit for our India Fund II. This transaction allows us to return over 50% of the invested capital through this single exit, with a multiple on invested capital exceeding 7x."

Mantha further elaborated that the India Opportunity Fund, which invested in Awign last year, will also return more than 20% of the invested capital to its limited partners, solidifying their commitment to providing value to investors.

Strategic Alliance and Global Focus

In September 2023, Capria Ventures (formerly Unitus Ventures) entered into a strategic alliance with its US-based affiliate. This unified approach allows them to leverage a broader network and expertise while operating under a single brand identity.

Capria Ventures manages a global asset base exceeding $207 million. Their investment focus lies in early and early-growth stage startups across diverse sectors like fintech, jobtech, edtech, agritech, climate tech, and SaaS companies. Their geographical reach spans India, Latin America, Africa, and Southeast Asia.

Capria Ventures' successful fundraising for the India Opportunity Fund positions the company for continued growth and impact. With a strong track record of supporting innovative startups and achieving strategic exits, Capria is well-positioned to play a vital role in fostering India's entrepreneurial ecosystem. The company's commitment to early-stage ventures and focus on key growth sectors like fintech and edtech signifies their dedication to empowering future leaders in the Indian startup landscape.