Fund News
Kettleborough VC makes first close of Rs.80-Cr second fund at Rs.35-Cr
Ahmedabad-based early stage venture capital firm Kettleborough VC has launched its second fund with a target corpus of INR 80 crore. The VC firm announced the first close of its second investment vehicle at INR 35 crore. The fund is backed by a host of investors and family offices based in India and the USA.The fund aims to back startups across fintech, full stack commerce solutions, vertical SaaS and agentic AI-led platforms. It plans to write cheques in the range of USD 300,000-500,000.Launched as a Solo GP (General Partner) Fund by Nisarg Shah in late 2021, Kettleborough claims to have invested in more than 30 startups and around 80 follow-on rounds. In 2022, Kettleborough closed its maiden fund at USD 5 million.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
