Chrysalis re-christens itself Chrys Capital

Priya Srinivasan

Mumbai, Jan 6: Chrysalis Capital, the city-based private equity firm with about $200 million under its management, has changed its name to Chrys Capital.

When contacted by The Financial Express, Mr Ashish Dhawan, co-founder of Chrysalis Capital said, “We decided on the name change when we opened an office in the US late last year, since there is already a private equity firm there by the name of Chrysalis Ventures.”

He added that the Indian operations would follow suit and also undergo the change of name shortly.

Chrys Capital was started as a venture capital firm for start-up funding a couple of years ago and gradually moved into later stage funding. One of the firm’s most recent investments was in the publicly listed company BFL-MphasiS.

In April last year the firm announced that it had raised additional capital of about $125 million from investors, taking the total capital pool under management to about $200 million.

The Fund’s investors include Harvard Management, HSBC Holdings, Kuwait Investment Authority, Microsost and Stanford University.
The Firm’s investee companies include Spectramind, TransWorks, Avigna Technologies, Fabmart, eGurucool and Jobsahead among others.