Previously known as Unitus Ventures, Capria had announced the first close of the fund at Rs 80 crore in February 2023.
Capria has backed startups like workforce management platform BetterPlace, online math class startup Cuemath, edtech platform Masai School, education loan provider Eduvanz through its Opportunity fund. It also announced a full-cash exit from job-tech startup Awign following its acquisition by Japanese HR firm Mynavi Corporation.
“Mynavi’s acquisition of Awign not only opens untapped markets and opportunities for the company but is also a great exit for our India Fund II, where we will return more than 50% of the invested capital through this one exit. The multiple on invested capital for Awign for our India Fund II is more than 7x,” Surya Mantha, managing partner, Capria Ventures said in a prepared statement.
He added that the Opportunity fund, which had invested in Awign in February last year, will return more than 20% of the invested capital to its limited partners or sponsors in funds.
In September 2023, ET reported that Unitus Ventures formed a strategic alliance with its US-based affiliate Capria Ventures to operate under a unified brand.
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Capria Ventures manages assets exceeding $207 million globally and focuses on early and early-growth stage startups in regions like India, Latin America, Africa, and Southeast Asia. Its key investment sectors include fintech, jobtech, edtech, agritech, climate tech, and software-as-a-service (SaaS) companies.
