Beforehand often called Unitus Ventures, Capria had introduced the primary shut of the fund at Rs 80 crore in February 2023.
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Capria has backed startups like workforce administration platform BetterPlace, on-line math class startup Cuemath, edtech platform Masai Faculty and training mortgage supplier Eduvanz by its Alternative fund. It additionally introduced a full-cash exit from job-tech startup Awign following its acquisition by Japanese HR agency Mynavi Corp.
“Mynavi’s acquisition of Awign not solely opens untapped markets and alternatives for the corporate however can be an amazing exit for our India Fund II, the place we’ll return greater than 50% of the invested capital by this one exit. The a number of on invested capital for Awign for our India Fund II is greater than 7x,” Capria Ventures managing associate Surya Mantha mentioned in a ready assertion.
The Alternative fund, which had invested in Awign in February final 12 months, will return greater than 20% of the invested capital to its restricted companions or sponsors in funds, he mentioned.
In September 2023, ET reported that Unitus Ventures shaped a strategic alliance with its US-based affiliate Capria Ventures to function underneath a unified model.
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Capria Ventures manages property exceeding $207 million globally and focuses on early- and early-growth-stage startups in areas like India, Latin America, Africa and Southeast Asia. Its key funding sectors embrace fintech, jobtech, edtech, agritech, local weather tech, and software-as-a-service (SaaS) corporations.
