Capria Ventures Expands Investment Focus to Gen AI Startups in India and Global South

Date:

Capria Ventures, a venture capital firm, has announced its expanded investment focus on gen AI startups in India and the Global South. In collaboration with its US affiliate, Unitus Ventures, Capria Ventures will operate under a single global brand with a unified strategy and increased resources. The firm’s transition to the Capria brand will bring additional capital and global expertise from other Global South markets.

With this alignment, Capria Ventures will enhance its investment focus on India and implement a unified portfolio strategy across various stages of investment in the country. In addition to early-stage investments, the firm will now expand its focus to include early growth stage startups in fintech, HR tech, edtech, agritech, climate, and SaaS sectors.

Capria Ventures has already invested in 10 gen AI startups and plans to back over 30 more in the near future. These investments will be made in entrepreneurial hubs not only in India but also in other regions of the Global South. The firm believes that gen AI presents a significant opportunity for the region, and more than 75% of its future investments will be placed in applied gen AI companies.

Will Poole, Managing Partner of Capria Ventures, stated, We’re Global South specialists who invested through the mobile revolution and now see gen AI as an even bigger opportunity for the Global South. We started embracing gen AI shortly after the release of ChatGPT. Going forward, more than 75% of our investments will be placed in applied gen AI companies.

Capria Ventures will continue to invest in leading emerging tech hubs in the Global South, including cities such as Mexico City, São Paulo, Buenos Aires, Cairo, Lagos, Nairobi, Bangalore, Delhi, Mumbai, Singapore, Jakarta, and Ho Chi Minh City.

See also  Infinix to Integrate ChatGPT into Digital Voice Assistant

Unitus Ventures, founded in 2012, has primarily invested in early-stage startups in domains like fintech, SaaS, and climatetech. Earlier this year, the firm raised over INR 75 crore ($10 million) as the first close of its INR 300 crore ($40 million) Opportunity Fund.

With offices in Seattle, Bengaluru, Nairobi, and Washington DC, Capria Ventures is a global venture capital investment platform focused on early-growth startups in India, Southeast Asia, Africa, and Latin America. The firm also achieved the first close of its target $100 million fund earlier this year to support tech startups across various regions.

This year, numerous VC, angel, and PE investors have announced 52 funds worth more than $3.8 billion to support Indian startups at different stages. Among them, 38% or 20 funds focus solely on early-stage startups, according to Inc42 data.

The collaboration between Capria Ventures and Unitus Ventures under a single global brand will not only provide more resources and expertise but also streamline their investment strategies in order to create more value for founders. The firms’ increased investment focus on gen AI startups in India and the Global South aims to capitalize on the immense potential of this emerging technology in these regions.

Frequently Asked Questions (FAQs) Related to the Above News

What is Capria Ventures?

Capria Ventures is a venture capital firm that focuses on early-growth startups in India, Southeast Asia, Africa, and Latin America. It operates under a single global brand and collaborates with its US affiliate, Unitus Ventures, to provide increased resources and expertise.

What is Capria Ventures' investment focus?

Capria Ventures is expanding its investment focus on gen AI startups in India and the Global South. It plans to invest in entrepreneurial hubs in various sectors including fintech, HR tech, edtech, agritech, climate, and SaaS.

How many gen AI startups has Capria Ventures invested in?

Capria Ventures has already invested in 10 gen AI startups and plans to back over 30 more in the near future. These investments will be made not only in India but also in other regions of the Global South.

Why is gen AI considered a significant opportunity for the Global South?

Capria Ventures believes gen AI presents a significant opportunity for the Global South, similar to how it invested through the mobile revolution. The firm sees gen AI as an even bigger opportunity and aims to allocate more than 75% of its future investments to applied gen AI companies.

Which regions and cities does Capria Ventures focus on?

Capria Ventures focuses on leading emerging tech hubs in the Global South, including cities such as Mexico City, São Paulo, Buenos Aires, Cairo, Lagos, Nairobi, Bangalore, Delhi, Mumbai, Singapore, Jakarta, and Ho Chi Minh City.

What is Unitus Ventures?

Unitus Ventures is an affiliate of Capria Ventures and primarily invests in early-stage startups in domains like fintech, SaaS, and climatetech. It recently raised over INR 75 crore ($10 million) as the first close of its INR 300 crore ($40 million) Opportunity Fund.

How does the collaboration between Capria Ventures and Unitus Ventures benefit founders?

The collaboration allows Capria Ventures and Unitus Ventures to provide more resources and expertise to founders. It also streamlines their investment strategies, creating more value for founders of gen AI startups in India and the Global South.

What is the overall investment landscape for Indian startups?

This year, numerous VC, angel, and PE investors have announced 52 funds worth more than $3.8 billion to support Indian startups at different stages. According to Inc42 data, 38% or 20 funds focus solely on early-stage startups.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

MMA Global Leads AI Revolution at Possible Event

Join MMA Global at Possible Event as AI leads the revolution in marketing. Over 300 marketers driving advancements in the industry.

Samsung Surpasses Apple in Global Smartphone Market Share Amid Growing Competition

Samsung overtakes Apple in global smartphone market share amid rising competition, with iPhone sales declining by 10% in Q1 2024.

Meta Unveils AR Glasses with OLED Display & Snapdragon Chip, Set for 2027 Release

Discover what to expect from Meta's upcoming AR Glasses with OLED display & Snapdragon chip, set for a 2027 release. Stay updated on the latest features!

Canada Boosts Arctic Defence Amid Climate Change Threats

Canada ramps up Arctic defense amid climate change threats with new policy, Arctic-compatible vehicles, and potential nuclear submarines.