Ask Capiva DUSports & leisure · UAE · direct investment · not in the IRR workbook
Duplay
Off bookInvested—at cost · 0 tickets
Current mark—workbook · 8 Sep 2025
MOIC—on paper
Ownership—no cap table on file
Next round—none recorded
IRR—workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
No entry thesis on fileNo Incubayt investment memo for Duplay is in the data room, so there is nothing to measure against. Not recorded
Latest founder update
No founder update for Duplay is in the data room.
Watch & flags
What to keep an eye on
ActionDuplay loan (AED 370,000) is not in the IRR workbook
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
Instruments—
Company valuation—
BoardNot recorded
Legal entityNot recorded