Kae Capital has recently closed its Fund III after raising Rs 767 crore, which is backed by global institutional investors like Old Mutual Wealth, Velo Partners and Finext as well as homegrown investors including HDFC Holdings and SIDBI.

Marquee investors who also participated in this fund include Rakesh Yabaji, chief executive officer (CEO) of Blackbuck, Ashish Hemrajani, CEO of Bookmyshow, Srikanth Velamakkani, co-founder of Fractal Analytics and Deep Kalra, CEO of MakeMyTrip. 

Founded by Sasha Mirchandani in 2012, Kae Capital is invests in start-ups seeking pre-seed to pre-Series A funding. Till date, the company has invested in 79 companies, including Tata 1Mg, Zetwerk, Porter, Healthkart and Wysa. It claims to have a portfolio enterprise valuation of $8.52 billion. 

Through Fund III, Kae Capital aims to invest in 25 companies across sectors like SaaS, ecommerce, consumer tech, fintech and direct to consumer, the company said in a statement. 

Talking about the fund, Mirchandani, founder and managing director of the company said, “The Indian startup ecosystem has grown exponentially since we started Kae Capital 10 years ago. 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.”

Claiming to be a founder-first firm despite changing market conditions, she added that Kae Capital focuses on backing the founders who are good human beings. "I am thankful to all our investors who have backed us over the years and to our peer VC funds who have co-invested with us as well,” she added.