Kae Capital has drawn their final closure of fund III investment at $100 million

• ByStartupStory     |    November 24, 2022

Kae Capital the venture capital (VC) firm based out of Mumbai has marked the final close of its third fund at Rs 767 crore (or about $100 million). The firm becomes the latest in joining the growing list of VC and private equity (PE) firms that have raised large India-focused funds despite turmoils in the global macro economy.

In fund III international and domestic institutional investors, family offices, and startup founders participated and according to a statement by Kae Capital on November 24 they have all oversubscribed.

A company official said that by using this fund, Kae Capital will be making investments in pre-Seed and pre-Series rounds. It was further revealed that its initial cheque sizes would range between $1 million and $3 million. Kae has made a big plan for investing in 25 companies through this fund and their target sectors are B2B (business-to-business) commerce, consumer tech, SaaS (software-as-a-service), fintech, and D2C (direct-to-consumers), among many others.

“The Indian startup ecosystem has grown exponentially since we started Kae Capital 10 years back. Having been around for so long, we have understood how tough it is to build great companies. We believe we are a true all-weather partner to our founders, helping them navigate through good, and most importantly tough times, when they need us the most,” said Sasha Mirchandani, founder and managing partner, Kae Capital.

Follow Startup Story