The 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 since 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 which is topping the charts. Well, lets us 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|
Kae Capital is a destination for early-stage companies to acquire capital for growth. They are a sector agnostic fund which invests in great teams that bring about innovative solutions for the existing gaps in markets. Their focus – 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 one of the startups gets a chance to showcase their talents and revolutionize the startup sector. Well, it is safe to say that the Indian startup circuit needs much more venture capitals like Kae Capital.
Kae Capital—The Team
When it comes to investing in a company, Kae capital also looks to invest their confidence in its founders. The team looks to engage with the startups on multiple fronts and bring in the team’s broad range of experiences and expertise to help the entrepreneurs to grow their business.
But, as per the team, it is the entrepreneurs who have 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 within the interpreters and the venture capitals.
Kae Capital—Venture Partners
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 pursed 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 road-map 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 working with the team at Varthana.
Akansh completed his B.Tech from IIT Delhi. After graduating, he joined Opera Solutions where he worked as a consultant for Fortune 100 global clients across healthcare and financial services. At Opera, he also led end-to-end development of a product that helps corporations reduce their travel spend. At Kae, he focuses on consumer-facing startups and consumer internet companies.
Recently, Kae Capital had made the news when the team decided to raise a 100 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 company’s 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 start 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 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 country’s 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. Even though the company’s 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||₹395M|
|Jun 28, 2019||1mg||Series D - 1mg||$70M|
|Jun 20, 2019||Wysa||Seed Round - Wysa||₹150M|
|May 9, 2019||Healthkart||Series G - Healthkart||$25M|
|Mar 27, 2019||Zetwerk||Series A - Zetwerk||₹620M|
|Mar 12, 2019||Nua||Series A - Nua||$4.5M|
How do I get in touch with you?
The best way to get in touch with us is through common contacts or references. You could go on to the Submit a Business plan page or email someone from our team.
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 $3mn in the entire life cycle of our association with any company. We don’t 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 company’s 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 has 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 fund raise.