An Insights Into An Investment Firm: Kae Capital
đInsightsThe startup ecosystem in India is highly competitive. Now, with many people implementing their ideas and making it big on the greatest stage, many aspiring entrepreneurs fall short when it comes to achieving their dreams. With many venture capitals coming up in the past decade, they can be hopeful for a better future.
Amongst all the venture capitals that are making a buzz in the news related to startups and venture capitals, Kae capital is the one that is topping the charts. Well, let's have an insight into Investment Firm, Kae Capital to see how things work and what the company is all about!
Company Details - Kae Capital
Company Name | Kae Capital |
---|---|
Headquarters | Mumbai, India |
Sector | Finance |
Founder | Sasha Mirchandani |
Founded | 2010 |
Kae Capital - About
Kae Capital - The Team
Kae Capital - Venture Partners
Kae Capital - Funding
Kae Capital - Funding Details
Kae Capital - Recent Investments
FAQs
Kae Capital - About
Kae Capital is a venture capital company that allows investors to finance startup companies and small businesses that are believed to have long-term growth potential. They are a sector agnostic fund that invests in great teams that bring about innovative solutions for the existing gaps in markets. Their focus â investing in Innovation, Leadership and Growth.
Being a venture capital, Kae has risen through the ranks and has backed up the entrepreneurs during the initial stages of the startup. Now, with multiple companies coming up with great ideas, venture capitals like Kae are working tirelessly to ensure that each startup gets a chance to showcase its talents and revolutionize the startup sector. Well, it is safe to say that the Indian startup circuit needs much more venture capital like Kae Capital.
Kae Capital - The Team
When it comes to investing in a company, Kae capital also looks to invest its confidence in its founders. The team looks to engage with the startups on multiple fronts and bring in the teamâs broad range of experiences and expertise to help the entrepreneurs to grow their business.
But, as per the team, it is the entrepreneurs who developed great companies and the team of Kae capital plays a supportive role in the development of the company. Hence, the success of a company depends upon a great partnership between the interpreters and the venture capitals.
Kae Capital - Venture Partners
Vidushi Kamani
Well, before getting a note about the team, people should get to know about Vidushi Kamani. Ms. Vidushi is a venture partner with Kae Capital and has pursued her MBA in HR from XLRI. She had started her career at Accenture, where she was a part of the early team that set up the delivery center network across India between 2000-2005.
With the team, her last assignment was drawing up the leadership development agenda and a roadmap for the Indian business. Later in 2009, she was asked to come onboard Startup! There, as a director, her interest and focus were on working with social enterprises on their scale and growth challenges. In 2011, Vidushi exited Startup! And started working with the team at Varthana.
Gaurav Chaturvedi
Gaurav Chaturvedi is a Partner at Kae Capital. After completing his B.Tech in Mechanical engineering from IIT Bombay, Gaurav co-founded Thinklabs in 2006. The company went on to raise venture investment and became Indiaâs leader in âSTEM Experiential Learningâ serving hundreds of top schools across the country. In his ten years of entrepreneurial journey with Thinklabs, Gaurav directly managed business operations for the company. The company was acquired by strategic buyers in 2016 after which Gaurav continued to manage the business as CEO (of the fully owned subsidiary) for a year before exiting fully in 2017.
Navin Honagudi
Navin Honagudi is a Partner at Kae Capital. Prior to joining Kae, Navin was with Reliance Venture Asset Management (RVAM) and served as the Board of Directors of Tessolve Services and Dhama Innovations and as Board Observer on Reverse Logistics, Suvidhaa Infoserve and Wellspring. Â Prior to Reliance Venture Asset Management, he was working with Darashaw and Company Private Limited (DCPL) in the Investment banking division. While at DCPL he was involved in the end-to-end execution of mandates for public offers, private placement, loan syndication, etc for private and state-owned entities. Navin has a degree in MBA and Engineering from Mumbai University.
Kae Capital - Funding
Recently, Kae Capital had made the news when the team decided to raise a âš100 crore fund to invest in portfolio companies of its first fund. The company has fully deployed its first fund of $25 million raised in 2012 and its second fund of $53 million which was raised in 2017 and was backed by Small Industries Bank of India, Deep Karla, and Kris Gopalkrishnan and others have exhausted about 70% of the capital.
As per the founder and managing director Mr. Sasha Mirchandani, the company had run out of money to back their Fund to the companies and thus they had raised another fund in 2019.
The companyâs second fund has invested in Hiver, a shared inbox management solution, and a hard liquor firm Boutique Spirit Brand. Other investments by Kae include wellness products retailer HealthKart, online medicine delivery startup 1mg, and Loantap, which lends to salaried employees.
Kae Capital - Funding Details
Announced Date | Fund Name | Money Raised |
---|---|---|
Sep 15, 2019 | Kae Capital Fund III | Rs.100 Crore |
Sep 13, 2017 | Kae Capital Fund II | $53M |
Apr 26, 2012 | Venture Round - Kae Capital | $25M |
Before starting the company, Mr. Mirchandani had invested in his personal capacity in companies like Myntra, the fashion portal which was later sold to Flipkart in 2014, ad-tech company InMobi and data analytics firm Fractal Analytics, which had raised $200 million in its last funding round. Mr. Mirchandani is amongst the countryâs earliest and prominent venture capital investors and he founded Mumbai Angels, which is a network of investors in early-stage companies.
Talking about Kae Capital, it is a sector agnostic and makes early-stage bets, usually at the seed stage with follow-on rounds across mobile, e-commerce, consumer internet, and healthcare sectors. While the companyâs earlier check sizes used to be around $700,00-$800,000, as the startup ecosystem has matured and the quality of founders has increased, its average cheque size is now around $1 million.
Kae Capital - Recent Investments
Announced Date | Organization Name | Funding Round | Money Raised |
---|---|---|---|
Jul 2, 2020 | Zetwerk | Series C - Zetwerk | $21M |
Dec 11, 2019 | Freightwalla | Series A - Freightwalla | $4M |
Dec 11, 2019 | Zetwerk | Series B - Zetwerk | $32M |
Nov 24, 2019 | Loanzen | Venture Round - Loanzen | N/A |
Sep 30, 2019 | LoanTap | Series B - LoanTap | âš395M |
Jun 28, 2019 | 1mg | Series D - 1mg | $70M |
Jun 20, 2019 | Wysa | Seed Round - Wysa | âš150M |
May 9, 2019 | Healthkart | Series G - Healthkart | $25M |
Mar 27, 2019 | Zetwerk | Series A - Zetwerk | âš620M |
Mar 12, 2019 | Nua | Series A - Nua | $4.5M |
FAQs
How do I get in touch with you?
The best way to get in touch with us is via common contacts or references. You could go on to the submit a Business plan page or email someone from our team. Â
How do you get involved in a company post-investment?
We regularly monitor the performance of our portfolio companies and act as a mentor/guide to show the way forward and resolve any issues that they face.
How much do you invest?
We, as a fund can invest up to $3M in the entire life cycle of our association with any company. We donât restrict ourselves to go all out on the companies which are deserving.
What industries/sectors do you invest in?
Kae Capital is a sector-agnostic fund and we are open to investing in any business which has the potential to achieve scale along with sound financial performance.
At what stage of a companyâs lifecycle do you invest?
We get into a company at the pre-series A stage and also do follow-on investments in the Series A and B rounds. Our strategy is to be the first institutional investors in any company that we get into.
What is the process that you follow?
We first go through the submitted business plan and then do a preliminary call/meeting with the promoters. Stage 2 is an internal evaluation of the opportunity after which we decide to have detailed discussions with the promoters and go ahead with our diligence. The time taken in the entire process varies in every deal.
Do you have a location preference for your investments?
We prefer our portfolio companies to be based out of India.
What value do you bring to startups?
Our extensive experience and deep connections within several industries have been instrumental in the way that we have contributed towards the growth of our portfolio companies. Apart from opening doors we also help them directly in issues like team building, strategy, finance, and further fundraise.
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