Mumbai-based early stage investment firm Kae Capital has reportedly closed its second VC fund at $53 Mn, a 32.5% increase from the estimated $40 Mn. According to sources, around 40% of the fundraise has been contributed by international investors and institutional backers like Quilvest, Velos Par…
Tag: Kae Capital
Fynd secures $500k in follow on Series A funding from Rocketship
Mumbai-based e-Commerce fashion platform Fynd has raised $500,000 in a follow-on Series A funding round from Silicon Valley-based Rocketship. Rocketship is an early-stage venture capital fund investing in companies using models built through data science. The firm’s founders, Venky Harinarayan an…
VCs are more measured about investments now: Sasha Mirchandani, Founder & MD, Kae Capital
Sasha Mirchandani, the Managing Director and founder of Kae Capital, an early stage venture fund, weighs in on the current challenges in the Indian startup ecosystem Q: With funding drying up, valuations being slashed and employees being laid off, it’s a difficult environment for startups. Who is…
Only Rs 5.66 cr invested in Start-up India out of the promised Rs 10k cr so far
The Centre’s ambitious Startup India initiative has managed to disburse only Rs 5.66 crore of the promised Rs 10,000 crore a year after its launch. On February 8, in its response to the newspaper’s RTI queries, the Small Industrial Development Bank of India said it had created a corpus of only Rs…
FICCI launches initiative aimed at travel start-ups
As part of its mandate to enhance India’s digital drive in the travel and tourism industry, the Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its maiden initiative aimed at travel start-ups. ‘Travel Tech Launchpad’ will be a platform that encourages innovation and gr…
Micro VCs best match for fund-starved start-ups
Delhi-based small fund Quarizon is in the last leg of closing its second round of capital raise of `20 crore to give startups a fillip to their humble beginnings. Quarizon has just finished deploying its first fund of Rs12 crore across eight startups in need for seed investments. The funding sque…
Smart start-up VCs ally with global peers for faster exits
That a grim market scenario has venture capital firms locking up their purses in 2016 is a fact unmatched. But venture capital firms have turned their eye towards a global solution to return capital to their investors and deliver the best possible return they can, in times of distress. As many VC…
Real estate start-up Azuro gets funding from Kae Capital, White Unicorn Ventures
Early-stage investment firm White Unicorn Ventures, Kae Capital and Mumbai Angels have invested an undisclosed amount in real estate management start-up Azuro. Azuro will use the funds to expand its operations across Mumbai, and invest further in building the technology. Mumbai-based Azuro, was f…
SIDBI picks eight ventures to invest Rs 428 cr in startups
The Small Industries Development Bank of India (Sidbi) has chosen eight venture funds to invest in startups as defined under the Startup India Action Plan and will support them with a corpus amount of Rs 428 crore. Sidbi’s Venture Capital Investment Committee (VCIC), which comprises former …
US fund Maverick in online pharmacy startup
US-based investment fund Maverick Capital Ventures is leading a Rs 100-crore financing round in 1mg, formerly HealthKartPlus, as investors continue to be bullish on the huge potential of online pharmacy startups. The Sequoia Capital-backed 1mg had spun off last year from its parent HealthKart and…