Capria India Fund IIIOur focus on applied AI and the Future of Work brings strategic value to top corporate developers of hardware / software / applications and services that are participating in the AI revolution

The Opportunity

Gain real-time market insights along with founder access and compelling financial returns via a corporate investment into an institutional-grade VC fund investing in applied AI services companies  aligned with “The Future of Work” in India

  • Investing from the firm’s most recent fund for India, launched Q2 2025
  • $100M fund is targeting 25+ Seed and Pre-A  investments applying generative and agentic AI to deliver local solutions at scale to India’s 600-million-strong rising middle class
  • Focused on companies supporting the Future of Work and adjacent sectors of Fintech, Jobtech, Agtech and B2B SaaS
  • Current portfolio companies have services directly relevant to the India’s rising manufacturing sector, including manufacturing training via AR/VR from Cusmat, and frontline worker training powered by AI from Betterplace
  • Capria’s previous funds provide exposure to >400 startups in sectors including  Fintech, Jobtech, Agtech, Edtech, Healthtech, SaaS
  • Capria’s AI Innovation dev team helps founders accelerate AI adoption and provides access and insights to CVC investing partners – more here.
  • Offering bespoke CVC engagement programs to a small number of select corporate investors alongside traditional financial LPs
  • Later stage co-investment opportunities available as fund is reserving ~25% of capital to invest in growth rounds via pro-rata rights held in previous fund portfolio companies

About Capria

Realizing Strategic Value from Capria Engagement 

Capria is a specialist investing in applied AI in India

  • Global firm managed by global tech operators and VC industry veterans Surya Mantha and Will Poole, focused on India and SE Asia, and Susana Garcia-Robles and Mobola da Silva focused on LatAm and Africa 
  • India-based asset manager established in Bangalore in 2012 with 11 person team  with a deep local network and experience investing in 40+ startups
  • Technical advisors from Google and other tech leaders guide firm and founders on AI evolution
  • Returns-focused boutique VC, with mature previous funds ranking in Cambridge Associates’ top quartile benchmark (as of their June 2025 report)
  • Previous and current investors include SIDBI, IFC, Ford Foundation, Dell Foundation, Gates Ventures, and a long list of prominent Indian HNIs
  • Fund is a customary 10-year 2/20 VC fund that also provides access to substantial co-investments opportunities to LPs from current and previous fund portfolios, visible here
  • Corporate offices are in  Bangalore and Seattle.

Unique access to startups applying AI to India’s  rising middle class

Bespoke Engagements
  • As accomplished corporate business leaders and VC investors, Capria partners understand both worlds and will craft a unique engagement model to suit the strategic interests of CVC investors
  • Looking to engage with select CVCs to support strategic engagements in India
  • Will avoid CVC engagement with direct competitors of existing LPs
2-4 Times per Year
  • Profiles of Regional AI Heros:  companies showing the most scale and impact from their adoption of AI for internal and/or customer-facing use
  • AI Sector Deep Dive: see how AI is being applied in CVC’s sectors of interest on rotating basis, including Fintech, Edtech, Jobtech, and SaaS
  • Applied AI Demos: 2 short video demos showing use of CVC partners’ tech in action. Examples: Transforming Frontline Workforce Training, and a Radiology Copilot.
As Investments Are Made
  • Capria to evangelize CVC partners’ tech (where appropriate) ahead of others
  • Example of how Capria engages with portfolio in rapid prototyping of AI is here
  • Advisory opportunities for CVC mid- and upper-level leaders based in India or elsewhere
  • Initial and follow-on co-investment opportunities presented to CVC’s direct investing teams
On-Demand
  • Curated introductions to founders and CTOs for co-investing or research
  • Strategic counsel on  market entry strategies
  • Custom surveys / reports (one per quarter)
Special Rights and ESG
  • Negotiable custom governance roles
  • Global best practices of ESG applied to ensure sustainability and manage risk 
  • Annual impact & ESG report available

* Certain rights and commitments apply only during the fund’s commitment period

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India Applied AI Portfolio

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SectorOther
RegionIndia
CountryIndia
Investing Partner
India Quotient
Venture RoundNA
Tags
AI/ML, B2C, Social Platform
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Unitus Ventures is now Capria India

Unitus Ventures, a leading venture capital firm in India, is joining forces with its US affiliate Capria Ventures, a Global South specialist, to operate with a unified global strategy under a single brand, Capria Ventures.