Deprecated: Using null as an array offset is deprecated, use an empty string instead in /home/u876752588/domains/capria.vc/public_html/wp-content/plugins/jet-engine/includes/components/blocks-views/dynamic-content/manager.php on line 113

New addition to the Capria Global South II Portfolio

• Wify, the leading home furnishings installation player in India bridging the gap between modern home brands and skilled technicians, has secured $3 million (INR 25 crore) in its latest funding round led by Capria Ventures, Mount Judi Ventures, and the Blume Founders Fund. Wify will use its proceeds to expand into the $10 billion market of after-sales installation and SaaS in the furniture and fittings space – with existing marquee clients like Ikea, Hettich, and HomeLane. You can read our detailed thesis here and the press release here.

Portfolio Highlights

• Kueski, Mexico’s buy-now-pay-later leader, was recognized in CNBC’s World’s Top FinTech Companies 2024. It also announced a partnership with Amazon Mexico to launch the in-store version of Kueski Pay, which allows customers to make transactions in physical stores regardless of their internet connection. 
• Agrofy, a leading AgTech player in Latin America, introduced an AI-powered virtual assistant integrated into their platform via the Agrofy WhatsApp feature. It has language and verbal capabilities allowing producers to access detailed information about Agrofy offerings that best suit their needs.

A Contrarian View: Profiting from GenAI despite the bubble

The recent spat of articles questioning the profitability of the billions going into GenAI makes us smile. Yes, we are in a bubble in many areas of the investment landscape, for sure. And yes, the media (and industry) breathlessly over-hyped the near-term potential of GenAI over the past 18 months. This is a classic tech media hype cycle that we’ve experienced so many times. And now the pendulum is swinging back the other way, in a predicable anti-hype cycle.  Goldman Sachs published a remarkable, 31-page report wondering aloud whether all the investment in AI is worth it. But they also presented a more optimistic view at the same time. 

Addressing the hype head-on and showing our investors and industry partners areas where we are confident that medium and long-term ROI will be generated, Will Poole and Susana Garcia-Robles hosted a workshop with the Middle East Venture Capital Association (MEVCA) titled “Profiting from GenAI despite the bubble.” Topics covered included the evolving landscape of GenAI, what GenAI will and will not become, and how it can unlock value in undervalued sectors. Capria partners discussed the do’s and don’ts to consider when investing in GenAI. Notably, viewers witnessed a live demo of the Capria Due Diligence Co-Pilot, which was created by our in-house GenAI development team. The DD Co-Pilot is a chat interface on top of a RAG (Retrieval Augmented Generation) database that takes investors through the due diligence process, making it easy to find information in the mountains of slides and documents provided by entrepreneurs and fund managers. You can find a recording of the webinar and the deck here.

Recently Published Insights from Capria’s Partners

• We released another episode of our knowledge series, Wednesday Wisdom with Will. Will Poole spoke about GenAI making the renaissance of edTech possible. Our portfolio company Cuemath, is highlighted. Cuemath has developed a co-pilot for both students and teachers using large language models. 
• Susana Garcia-Robles appeared on the Startup Mentoring & Venturing podcast, where she discussed a variety of topics, including the history of the internet, digital literacy, and how Capria portfolio companies are implementing GenAI to optimize their businesses.
• Dave Richards was featured in two Tech In Asia stories about the Earned Wage Access (EWA) space alongside our portfolio company, wagely. The first article focuses on Indonesia and features Dave’s insights on the EWA space, in that specific market. In the second article, Dave shares why a B2B2C approach is more advantageous for EWA startups in terms of cost efficiency for customer acquisition.