Capria Ventures announces final close of India Opportunity Fund at Rs 153 crore
by ETtech.com
ETtech.com— Early-stage investment firm Capria Ventures has concluded the fundraising for its India Opportunity Fund at Rs 153 crore (around $19 million).This follows Capria Ventures' announcement of a full-cash exit from job-tech startup Awign, in which Japanese HR firm Mynavi Corp acquired a majority stake.“Such a majority stake acquisition by a global multinational firm (Mynavi Corp) in a company like Awign is a great milestone for the entire venture capital industry. Through this exit, we will be...
ETtech.com—Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore. Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
ETtech.com—Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore. Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.Samena Capital led the round injecting Rs 500 crore, while hedge fund Aregence, along with family offices, also committed capital, the company said in a filing with the stock exchanges Thursday.Ugro’s founder, board members and management collectively...
NDTV Profit—Tata Chemicals Announces Final Dividend Of Rs 15. Tata Chemicals Ltd. has announced a final dividend of Rs 15 per equity share for fiscal 2024, pending approval from shareholders at the ensuing annual general meeting. The dividend will be paid within five days of the annual general meeting, the company announced through an exchange filing on Monday.The company announced distribution of Rs 382 crore to unitholders in the fourth quarter of the previous fiscal. It had paid a total dividend of Rs 17.50 in the previous financial year, while on July...