Capria Ventures to raise $100 million for India Fund III
Funding | Dec 24, 2024 | Capria Ventures LLC
Global South specialist venture capital firm Capria Ventures has announced the launch of its Capria India Fund III, which aims to raise $100 million with a potential greenshoe option of up to $125 million. The fund will focus on investing in 25-30 startups at the seed and pre-Series A stages across various sectors such as HRtech, fintech, SaaS and climate. It targets growing the Indian middle class by focusing on sectors that enhance productivity and technology adoption. Capria Ventures will also dedicate 25% of the fund to late-stage investment opportunities in its existing portfolio, offering early exits to LPs. Despite healthy TVPIs (Total Value to Paid-In capital), the venture landscape in India has struggled with providing early exits; this fund aims to address that by delivering high IRRs (Internal Rate of Return) to investors. Participation in the fund is expected from both Indian and global investors.
Sectors
- Venture Capital
- Technology
- Sustainability
Geography
- India – The target market for Capria Ventures' India Fund III is the rapidly growing Indian market, specifically aimed at supporting local startup growth in key sectors.
- Global South – Capria Ventures operates as a Global South specialist, highlighting its focus on emerging markets beyond India.
Industry
- Venture Capital – The article discusses Capria Ventures' launch of a new venture capital fund aimed at fostering early and late-stage investment opportunities in India.
- Technology – The fund will invest in tech-driven sectors like HRtech, fintech, and SaaS, revealing its focus on technology as a significant growth driver amidst the Indian market landscape.
- Sustainability – Climate-focused investments in Capria Ventures' strategy demonstrate a commitment to sustainable development.
Financials
- $100 million – The initial target for Capria India Fund III which aims to fund promising startups in India.
- $125 million – The potential extended amount of the fund, including the greenshoe option.
- $500,000 to $2 million – Average investment cheque size for each startup investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Capria Ventures LLC | Venture Capital Firm | Company | A venture capital firm with a focus on the Global South, launching its India Fund III to target the Indian market's emerging growth opportunities. |
| Surya Mantha | Managing Partner at Capria Ventures | Person | An executive at Capria Ventures driving the strategy for the India Fund III, aimed at generating high returns and providing early exits for LPs. |