Omnia invests Rs 7 crore in higher education firms

Omnia Investments, the venture fund set up by the promoters of Spice Mobility, has invested Rs 7 crore in candidate assessment venture Single Stop and in higher education firm Sunstone for a significant minority stake.

Omnia Investments was launched less than a year ago by Dilip Modi, Managing Director of the $2-billion (Rs 10,000 crore) mobility product and retail conglomerate Spice Mobility, with an initial corpus of Rs 20 crore. The fund will focus on education and technology. It is not part of the Spice Mobility group.