Fund News
Early-stage investor Kae Capital to raise $100-M fourth fund
Mumbai-based early-stage venture capital firm Kae Capital is raising its fourth fund, targeting a corpus of USD 100 million. The firm will allocate most of the funds to support seed-stage startups, reserving a portion for follow-on investments.Kae Capital will continue to focus on sectors such as business-to-business (B2B), fintech, and consumer. The new fund will also expand its investment focus to include startups in automation, physical artificial intelligence (AI), deeptech, and manufacturing. The firm expects to make one or two more investments from its third fund.The firm's maiden fund, launched in 2012, backed 32 companies across India and the USA. Its Fund I India vehicle has fully exited, demonstrating a distributed paid-in capital (DPI) of 3.6X as of September 2023, while the overseas vehicle is projected to deliver over 5X DPI. Among its investments are Foxtale, Snapmint, logistics platform Porter, and online healthcare marketplace HealthKart.
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