Kae Capital makes final close of new fund at $50 million

Kae Capital, an early-stage investment fund in India, on September 14 said it has closed its Winners Fund II, raising $50 million, adding to the growing pool of undeployed VC funds.

In a statement, the venture fund said it plans to make follow-on investments exclusively into portfolio companies, as co-investors with growth-stage funds in Series B, C and D rounds. In addition to its own portfolio, the fund also plans to invest in other late-stage companies.

Founded in 2012 by Sasha Mirchandani, Kae has till now been a sector-agnostic fund that invests in pre-seed to pre-series A, with an initial cheque size range between $1-3 million. The venture fund’s 81 portfolio companies with B2B and B2C models, together are valued at about $8.76 billion, it said. Kae, to date, has made 14 exits.

“...We’ve seen the ecosystem grow and see enough merit in being involved for as long as possible in a company’s lifecycle. We have launched this fund in order to continue backing our best founders, alongside other successful founders in the ecosystem, who are not yet a part of the Kae family,” Mirchandani, who is also the managing director at Kae Capital.