Fulcrum Venture India exits Casa Grande
Venture fund Fulcrum Venture India has exited from real estate firm Casa Grande.
Fulcrum got back return of over 10 times as they had invested Rs 4.8 crore in FY 2004 and have exited at Rs 50 crore.
Chennai-based Casa Grande was launched in 2004 by M Arun Kumar and KR Anerudan. It builds luxury villas and apartments primarily in Chennai, Coimbatore and Bangalore.
The venture firm’s exit comes at a time when private equity firms focused on real estate have struggled to get exits. Private equity funds in India are increasingly using the promoter buy back route to exit real estate investments.
Apartments, Bangalore, casa grande, Chennai, Coimbatore, Fulcrum Venture India, Indian real estate sector, Luxury Villas, Private Equity firm (PE), Private equity firms, promoter buy back, Real estate in India
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