TLDR:
Capria Ventures has closed its India Opportunity Fund at INR 153 crore after a successful exit from its portfolio company, Awign, which was acquired by Japanese conglomerate Mynavi Corporation. The fund originally achieved the first close at INR 75 crore in February 2023.
Key Points:
- Capria Ventures completes fundraising for its India Opportunity Fund at INR 153 crore.
- Awign, a portfolio company, sees a full-cash exit through an acquisition by Mynavi Corporation.
Capria Ventures, a Global South specialist venture capital firm, has announced the completion of fundraising for its India Opportunity Fund at INR 153 crore (~USD 19 million) after achieving the first close at INR 75 crore in February 2023. This fund has invested in companies such as Awign, BetterPlace, Cuemath, Eduvanz, and Masai. Awign, a tech-led on-demand work fulfillment platform, experienced a full-cash exit as it was acquired by Mynavi Corporation, resulting in significant returns for Capria’s investors.
Surya Mantha, Managing Partner at Capria, highlighted the success of Awign’s growth and the positive impact it has had on gig workers. The acquisition by Mynavi Corporation is seen as opening up new markets and opportunities for Awign, while also providing a favorable exit for investors.
Dave Richards, Co-founder and Managing Partner at Capria, expressed confidence in the value unlocked for investors through the successful exit of Awign. This acquisition is seen as a milestone for the Indian startup ecosystem and reinforces the viability of acquisitions as an exit strategy for early-stage investors.
Overall, Capria Ventures focuses on investing in early and early-growth stage startups in the Global South, across various sectors including fintech, jobtech, edtech, agtech, climate, and SaaS.
