Kae Capital, an Indian investment firm, has secured roughly US $96 million from backers including Old Mutual Wealth, Velo Partners, and Finext for its third fund.
Executives from companies like MakeMyTrip, Blackbuck, Hero Enterprise, and Nazara, among others, supported the early-stage VC company.
Kae Capital wants to support businesses in the B2B, consumer, SaaS, FinTech, and direct-to-consumer sectors with its newest fund.
Since 2012, the company has invested in India, primarily concentrating on pre-seed to pre-series A startups. It frequently issues checks between $1 million and $3 million.
79 firms were supported by Kae Capital, and the portfolio’s enterprise value is US $8.52 billion. It has made noteworthy investments in companies including Wysa, Zetwerk, Porter, and Tata 1MG.
“Our commitment to being a founder-first firm has remained consistent from the start, despite changing market conditions. We focus on backing the best founders that are also, importantly, good human beings,” said Sasha Mirchandani, Kae Capial’s founder, and managing partner.
Leading the US $1.5 million round of Bold Finance and the US $1.1 million pre-seed round of edtech platform Supernova are two of the company’s most recent deals.
