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October 03, 2012

Deal Alert: Fulcrum Venture India 'exits Casa Grande with 10x net multiple’

From the Press Release:

Fulcrum Venture India, a highly successful early stage venture capital investor started in 2000 by Krishna Ramanathan as a proprietary fund, today announced its exit from Casa Grande with a company valuation of 100 cr making a 10x net multiple. One of its first investments, Fulcrum Venture India invested in Casa Grande Pvt. Ltd. in financial year 2004 a promising new player in the real estate space in Chennai. Casa Grande has generated significant returns for the Fulcrum portfolio with a gross IRR of 54.46%. 

The secret of success behind this partnership, according to KR Krishna, Founder Partner, Fulcrum Venture India is “We believe in giving emerging entrepreneurs full freedom to run the business according to their own vision. We have trust in their ability to freely innovate winning products and services. As with Casa Grande, we are pleased to have been a part of the company’s journey, honed and nurtured it to a size and scale where today it has developed over 1.5 million sq. ft. of land and achieved sales of INR 94 Cr. These achievements have created a profitable and timely Exit for Fulcrum Venture India.” 

As an early stage investor Fulcrum Venture India has successfully identified and partnered with Casa Grande till it achieved scale and size. Fulcrum’s ability to work with promoters through the peaks and dips has helped Casa Grande evolve to a built-up pipeline of about Rs. 750 crores of projects, which will be executed in the next two and a half years. Fulcrums SME focus has contributed to Casa Grande growth, making it a formidable player in the real estate space expanding its wings to Coimbatore and Bangalore aside from its primary presence in Chennai. 

 Fulcrum has been focusing on early stage investing since its inception in 2000 and has a successful track record for offering financial support to promising start ups in a variety of sectors such as Pharma, Niche Retail, Consumer Durables, Education, IT & Technology. Fulcrum Venture India continues to identify, fund and manage, promising investment opportunities and facilitate growth in the neglected SME sector. 

About Fulcrum Venture India 

Fulcrum is a decade-old angel investment fund evolving into an early stage sector agnostic Private Equity Fund. Trust is our biggest investment in a business and we work to create good top line growth and high Return on equity. Fulcrum has invested in diverse businesses like Real Estate, Healthcare, IT. On average our investments have, delivered a top line growth of 136% (CAGR) from 2004-12. We focus on business fundamentals and partner ambitious management with big unique ideas in stable markets. For more information, please visit