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CAPRIA VENTURES INDIA FUND III

Capria Ventures Advisors LLP

About Company

Capria Ventures Advisors LLP is a specialized venture capital firm and investment manager based in Bangalore, India. Originally operating under the Unitus Ventures brand, the firm has evolved into a global specialist focused on the "Global South." It manages a portfolio of over 40 startups and approximately ₹670 Crores in assets under management (AUM). The firm is distinguished by its collaborative network approach, connecting founders across emerging markets to accelerate growth and scale. Capria Ventures focuses on backing early-stage tech companies that leverage Applied AI to solve critical problems for the underserved and rapidly growing middle class in India.

Category: AIF Category I

Fund Investment Philosophy

The investment philosophy of Capria India Fund III is built on a high-conviction “Applied AI” thesis, targeting the transformative potential of artificial intelligence within India’s unique socio-economic landscape.
  • Applied AI & Generative AI: The fund is one of the first in India to place a dedicated bet on startups integrating Applied GenAI into their core operations. Rather than investing in foundational models, it focuses on the application layer—companies that use AI to drive radical efficiency and superior user experiences in sectors like fintech, HRtech, SaaS, and climate.
  • The “Barbell” Strategy: Fund III employs a unique “barbell” investment strategy to balance risk and liquidity. It allocates approximately 75% of its capital to new early-stage (Seed to Pre-Series A) opportunities with long-term, outsized return potential. The remaining 25% is reserved for late-stage follow-on investments in “breakout” companies from previous funds, aiming to deliver earlier liquidity and high IRRs to investors within a 3–5 year window.
  • Targeting “Middle India”: Capria invests in businesses solving essential problems for the underserved middle class. This includes platforms improving labor market transparency, digital diagnostics, and agri-processing supply chains.
  • Operational Synergy: Beyond capital, the fund leverages its global network to help Indian founders collaborate with peers across the Global South, from São Paulo to Jakarta, facilitating cross-border scaling and knowledge transfer.
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Fund Manager

Surya Mantha

With over 25 years of experience in leadership and investing, Surya Mantha has a deep pedigree in scaling digital and consumer businesses. Before joining Capria (and its predecessor Unitus Ventures), he held executive roles at Sify, RealNetworks, and Omidyar Network India Advisors, where he led investments in e-commerce and edtech that later became unicorns. He also served as the CEO of Web18 and Saregama, overseeing the growth of massive digital news portals like moneycontrol.com. An IIT Kanpur alumnus with a PhD from the University of Utah and an MBA from the University of Rochester, Surya focuses on identifying founders who use technology to disrupt traditional sectors.

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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.

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