Capria Ventures announces final close of India Opportunity Fund at Rs 153 crore
investment firm Capria Ventures has concluded the fundraising for its India Opportunity Fund at Rs 153 crore (around $19 million).
Previously known as Unitus Ventures, Capria had announced the first close of the fund at Rs 80 crore in February 2023.
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“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
