INDIA / EARLY-STAGE VENTURE CAPITAL
Backing early conviction in Indian founders.
Seed investing, follow-on vehicles and an openly qualified investment history.
Connect Now01 / The fund
Kae Capital is a sector-agnostic venture firm focused on early-stage companies connected to India. Its current FAQ gives initial investments of $1.5 million-$2 million, typically at pre-seed and seed, with follow-on support. This current manager range is separate from the dated $1 million-$3 million Fund III strategy published in November 2022. Neither is a promise that every opportunity qualifies.
Fund I: the debut fund closed at $25 million in March 2012. Fund II: September 2017 reporting records a $53 million final close, above the original $40 million target. Fund III: the 24 November 2022 announcement gives a final close of ₹767 crore. Dollar descriptions of roughly $94 million-$100 million vary with reporting and exchange rates; the rupee close is retained.
Winners Fund II: the September 2023 final close was $50 million, reported as about ₹410 crore, for follow-on and growth-stage backing. It is not the earlier $25 million target. Qure.ai and BrightCHAMPS are explicitly identified with this vehicle in the manager's quarterly update.
Fund IV: December 2025 reporting described a $100 million-$110 million fundraising target. A March 2026 LEI record lists Kae Capital Fund IV's registration as IN/AIF2/25-26/2101, dated 24 March 2026. Registration and a target are not evidence of a final close. The manager's fund-details page does not yet list Fund IV. Kael Opportunities Fund is separately registered as IN/AIF2/20-21/0809; Fund II A is a scheme under the Fund II registration, not silently counted as another independent fund.
Current strategy ↗ · Legal fund details ↗ · Fund IV registration record ↗02 / Portfolio
87 company relationships: 47 current manager profiles plus 40 historical, newer, indirect and founder-track-record entries. This is a public reconstruction, not 87 current fund holdings. The manager's 90+ headline is not a count of the visible investment grid. Three clearly labelled founder-track-record entries and Craftsvilla's indirect equity lineage are retained without claiming a direct Kae-fund cheque.
Every entry appears in the gallery, with sectors ordered by count and Others last. Ownsite products steer categories: Cartesian Kinetics is warehouse robotics; STCH develops textiles; Enerzolve supplies grid and energy-storage systems. Ordinary software, consumer services, clinical AI software and wellness brands are not labelled deep tech merely because their marketing mentions AI or health. ShepHertz's announced on-device models are distinguished from its explicitly simulated drone visual.
Learntron/Disprz, Touchkin/Wysa, Vetted/Certa, CloudByte/MayaData and CultureAlley/Hello English are one lineage each. Round1/TAL is not added separately from Grapevine. Partial exits and equity swaps are not treated as proof that all overseas or follow-on ownership ended. Historical companies with no usable authentic mark use explicit name labels, not invented logos.
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Residential rooftop-solar systems with home assessment, installation, approvals and ongoing service.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Smart-grid instrumentation, power conversion and battery energy-storage systems for utilities and industrial infrastructure. Its own product range is broader than a semiconductor-only label.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Clean-energy and compute infrastructure platform. Current HST materials cover third-party GPU orchestration and clean-power/data-centre project development; older Kae records call it HST Solar.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Originally backed for industrial recycling and materials recovery. Current company pages describe engineered steel, polymer materials and infrastructure systems, including the RexEdge cooling and power brand.
Own company materials identify RexEdge as a RecommerceX brand. The original domain currently redirects there.
Holding record ↗
Manager April 2026 funding record; textile-materials platform, not general software.
Fabric research and manufacturing platform combining materials development, demand intelligence and a production network. Own materials describe fibre blending and performance engineering.
Holding record ↗
Prior-career/personal track record. Sasha explicitly discussed this investment before Kae; no Kae-fund allocation established.
Enterprise AI and analytics company included in Sasha Mirchandani's investment and board track record.
Holding record ↗
Historical Kae investment corroborated by the company investor page; current product reviewed separately.
Applied-AI enterprise platform business with customer-controlled agent deployments and announced on-device AI models. Its drone-swarm visual is explicitly a simulated concept, not flight-test evidence.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Agentic AI software for enterprise workflows and autonomous agents. Manager-backed relationship is verified; product details are qualified where the own homepage returns an empty shell.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Warehouse automation combining orchestration software, digital twins and rack-native robots that work with existing facilities.
Holding record ↗
Historical manager investment essay; not a current ownership confirmation.
Neighbourhood grocery-commerce network combining merchant software, inventory, distribution and consumer ordering.
Holding record ↗
Manager-labelled historical exit; retained as investment history.
Historical social-media customer-support software. Acquired by Freshdesk, now Freshworks, in 2016.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Embedded insurance and protection infrastructure that connects products, distribution and claims handling for digital businesses.
Holding record ↗
Kae-backed 2016 financing; current status not established.
Historical residential property-management service handling tenants, maintenance and rental operations.
Holding record ↗
Named Fund III investment in November 2022 close reporting.
Digital gold-loan infrastructure helping jewellers offer and manage loans for customers in underserved Indian markets.
Holding record ↗
Kae seed and later financing reported; not a deep-tech materials company.
Consumer spirits business manufacturing and marketing branded rum, whisky, brandy and vodka.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Quality, compliance and supplier-audit software for manufacturers. It connects evidence, standards, documents and risk workflows rather than manufacturing a physical product.
Manager record used where the direct ownsite could not be reliably loaded; own readable content corroborates the product.
Holding record ↗
Disclosed Winners Fund II investment, not a seed-fund attribution.
Education business offering children coding, robotics, financial literacy and communication courses. Teaching robotics does not make it a robotics manufacturer.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Enterprise third-party risk and compliance software covering supplier onboarding, monitoring and governance. Formerly Vetted/TheVetted, operated by Opinr; counted once.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
AI-assisted customer marketing for commerce brands across email, SMS, WhatsApp and push notifications.
Holding record ↗
Indirect equity received by Kae in the Sendd acquisition, not a verified direct initial cheque.
Ethnic-commerce marketplace that acquired shipping business Sendd in 2016.
Holding record ↗
Kae-backed 2017 seed investment; current operation unverified.
Historical consumer-lending platform operated by OneFiable Technologies, focused on loans for salaried professionals.
Holding record ↗
2022 company filings reported investment via Kael Opportunities.
One-to-one online mathematics tutoring for children, with personalised lessons and an interactive learning platform.
Holding record ↗
2015 institutional financing names Kae; one CultureAlley/Hello English lineage.
Language-learning business behind Hello English, offering English practice, courses and business learning.
Holding record ↗
Manager August 2026 follow-on announcement; unrelated to MoJo Entertainment.
Kitchen-appliances and cookware brand associated with chef Sanjyot Keer, formerly YFL Home and operated by Mojojojo Creators.
Holding record ↗
Manager-labelled historical exit; retained as investment history.
Medical education and clinical learning business behind Marrow and other tools for doctors and students. A healthcare-learning platform, not a drug or device developer.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Enterprise learning and skills software, including learning management, frontline enablement, content and coaching. Formerly Learntron; counted once.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Audio entertainment platform for stories, podcasts and serialised listening.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Jewellery and accessories marketplace bringing products from multiple brands into one shopping platform.
Holding record ↗
Manager-labelled historical exit; retained as investment history.
Historical platform that collected and archived social content from conferences and events. Acquired by BookMyShow in 2015.
Holding record ↗
Manager-labelled exit; historical investment.
Historical electronic-payments processor serving banks and merchants. Manager identifies its acquisition by Ezetap.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Consumer skincare and body-care brand selling cleansers, serums, moisturisers and sunscreens.
Holding record ↗
Kae-backed 2018 financing; current operating status not verified.
Digital freight-forwarding platform enabling businesses to plan, book and manage international shipments.
Holding record ↗
2015 seed financing names India Quotient and Kae; current operations unverified.
Historical fresh-meal service operating kitchens and online ordering for office workers and other customers.
Holding record ↗
Manager-labelled historical exit; retained as investment history.
Commerce software for brands and retailers, spanning online storefronts, marketplace integrations, inventory, retail operations and logistics. Formerly ShopSense.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Commerce analytics and AI workflows for consumer brands, connecting channel data with revenue monitoring and operating decisions.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Professional community and AI-led career platform covering workplace discussions, interview practice and hiring. Round1/TAL belongs to this lineage, not a separate portfolio company.
Manager profile used because the direct ownsite showed a verification checkpoint.
Holding record ↗
Historical exit via equity swap, not a new cash financing.
Fantasy-sports platform for cricket, football and other competitions. Nazara acquired Kae shares through a 2020 equity swap.
Holding record ↗
2015 financing by Bessemer and Kae; current holding unverified.
Historical online booking platform for brand-authorised repairs and maintenance of home electronics.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Software-engineering analytics that combines work-app data into delivery, productivity and team-health dashboards.
Holding record ↗
Fund I India vehicle exited by September 2023; manager reports secondary proceeds and remaining overseas-vehicle upside. Not a firm-wide full-exit claim.
Health and nutrition commerce business and house of supplement brands, including MuscleBlaze and HK Vitals. The manager URL is misleadingly named after a different founder; the page itself identifies HealthKart.
Manager profile used because the direct ownsite was challenged.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
AI-assisted video production and personalised sales-video software, including avatars, multilingual content and workflow tools.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Customer-support and shared-inbox software, originally built around Gmail collaboration. Formerly GrexIt.
Manager record used where the direct ownsite could not be reliably loaded; own readable content corroborates the product.
Holding record ↗
Historical Kae gaming investment; different from AI tutor Supernova.
Game-development studio behind Mayanagari, using motion capture and local-language stories for mobile entertainment.
Holding record ↗
February 2026 Series F reporting identifies Kae among participating investors.
Identity-verification, fraud prevention and risk infrastructure for business onboarding and trust workflows.
Holding record ↗
Founder investment track record in the current manager biography. No Kae-fund ownership, investment date or vehicle allocation established.
Mobile advertising and consumer-technology company included in the manager's mixed investment track record.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Branded nutraceuticals, functional foods and healthcare products. Own materials describe marketing and distribution, not evidence of a proprietary drug-development pipeline.
Manager record used where the direct ownsite could not be reliably loaded; own readable content corroborates the product.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Fashion shopping app offering rapid delivery and try-before-buy shopping. This is KNOT at knotnow.co, not a similarly named saree label.
Holding record ↗
Manager August 2026 investment essay; not the unrelated joinlane.com workplace app.
Driving-education platform combining structured lessons, instructor operations, licensing support and driver-intelligence technology.
Holding record ↗
Company June 2016 announcement confirms Kae-led seed round; current operation unverified.
Historical peer-to-peer marketplace for buying and selling used goods locally.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Digital lending platform offering personal, business and other loan products. Electric-bike finance does not make it an EV manufacturer.
Holding record ↗
Historical Kae financing; current product confirmed from ownsite.
Financial services for commercial-vehicle operators and small transport businesses, including used-vehicle and working-capital loans.
Holding record ↗
One renamed company lineage; historical Kae backing, acquired by DataCore.
Container-storage software business behind OpenEBS and MayaStor, formerly CloudByte. DataCore announced its acquisition in November 2021.
Holding record ↗
Historical relationship only; not Curaa's similarly named Mojojojo Creators.
Historical mobile-content company named among Kae's first investments in its 2012 debut-fund report. Further current product and identity details could not be verified.
Holding record ↗
Prior-career/personal investment, not a verified Kae-fund holding.
Fashion-commerce business included in Sasha Mirchandani's investment history before Kae.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Gaming and esports group spanning mobile games, interactive entertainment and sports media. Public listing does not alone establish that Kae has sold its entire position.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Period-care, intimate-hygiene and women's wellness products sold under a consumer brand.
Holding record ↗
Kae-backed 2015 seed financing; historical acquisition announcement, not a current holding claim.
Historical customer-communication software connecting businesses with users through in-app messages, email, SMS and notifications. Boomtrain announced an agreement to acquire it in August 2016.
Holding record ↗
2013 Kae-backed seed financing; acquired by Nortek.
Historical natural-language virtual-assistant and voice-control software, acquired by Nortek in 2016.
Holding record ↗
Manager-labelled historical exit.
Accounts-receivable and collections automation software, acquired by Chargebee in February 2022 and integrated into Chargebee Receivables.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Food sourcing and cross-border trade platform connecting Indian manufacturers with overseas buyers, including quality and fulfilment support.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Parenting community and expert-advice platform covering pregnancy, child development, health and family learning.
Holding record ↗
Kae investment dated December 2016, corroborated by the 2017 SmartCEO founder profile.
Packaged-snacks company historically known for ready-to-eat popcorn. The original domain now leads to POPI snack branding; no silent claim of a separate new investment.
Holding record ↗
Fund I India vehicle exited by September 2023; manager reports secondary proceeds and remaining overseas-vehicle upside. Not a firm-wide full-exit claim.
Goods-transport and logistics platform for individuals and businesses. This is porter.in, not the cloud-deployment or accounting companies of the same name.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Mutual-fund advisory app for reviewing, selecting and rebalancing investment portfolios. Financial software, not a foundational AI-model developer.
Holding record ↗
Kae-led 2013 seed round; current ownership and operation unverified.
Historical mobile carrier-billing aggregator providing payment and subscription services for publishers.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
AI-assisted advertising creative platform covering ad research, image and video production, catalogue creatives and campaign workflows.
Holding record ↗
Winners Fund II Series D investment, explicitly disclosed in the manager's 2024 quarterly update.
Clinical AI software supporting radiology, tuberculosis, lung-cancer and stroke workflows. Medical decision-support software is not presented as a proprietary new drug.
Holding record ↗
Kae received Craftsvilla shares through the acquisition, not a claimed cash full exit.
Historical on-demand parcel-shipping and logistics business. Craftsvilla acquired it in 2016 in an all-equity transaction.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Consumer instalment-payment platform and shopping marketplace, allowing eligible buyers to spread purchases across monthly payments.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Property transactions, mortgage distribution and related home-services platform operating across India and overseas markets.
Holding record ↗
December 2013 bridge financing from existing investors including Kae; current operations unverified.
Historical location-based discovery service for local offers and discounts.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
AI health companions and expert-led lifestyle courses for Indian consumers, covering nutrition, fitness and everyday wellbeing.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
AI English-speaking tutor with personalised lessons and conversation practice. Different from the historical gaming studio Hypernova Interactive.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Backup and recovery software for business SaaS applications and identity systems, with security, compliance and discovery tools.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Online pharmacy, diagnostic testing and medical-consultation platform. Tata acquired a majority stake; a company acquisition does not prove the same exit outcome for every investor.
Holding record ↗
VentureBeat 2013 report names Kae seed backing; Kidtellect is the associated company lineage, not a separate added company.
Historical educational toys and tablet applications combining physical shapes with digital learning for young children.
Holding record ↗
December 2013 TechCrunch report names Kae and Tandem seed financing; current status unverified.
Historical social-shopping app allowing people to share and discuss recent purchases. Not a modern agentic-AI company of the same name.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Fashion and lifestyle sourcing service connecting global buyers with Indian manufacturers, including design, production and export support.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Manufacturing-operations software covering enquiries, inventory, production and dispatch, now marketed as an AI-run factory platform.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Hair-loss treatment and wellness business combining consultations, nutrition, dermatology and Ayurveda. Not classified as a biotech research company.
Holding record ↗
Kae-backed 2015 seed round; subsequent acquisition, not current Kae ownership proof.
Used-car marketplace offering vehicle inspections, listings and purchase support. Spinny acquired the company in August 2020; the brand now offers Spinny-associated services.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Dating and matchmaking app with profile verification, moderation and compatibility tools.
Holding record ↗
2017 financing reported from regulatory filings; current ownership unverified.
Historical digital-payments platform operated by Protinus Infotech.
Holding record ↗
One WOTU/Hyperpure lineage; not a claim that Kae funded Zomato directly.
Historical business-to-business supply platform for restaurant ingredients. Acquired by Zomato and reworked into Hyperpure.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Conversational mental-health support and digital therapeutic software. Healthcare software remains in Others rather than being presented as a new medicine or medical device.
Manager record used while the ownsite returns an origin-server error.
Holding record ↗
Manager October 2026 IPO essay reports a partial exit while retaining the rest, not a full exit.
Managed manufacturing network covering industrial components, electronics assemblies and supply-chain execution across multiple industries.
Holding record ↗
Listed in the manager portfolio; current ownership and legal-vehicle allocation not established.
Care-management software and clinical support for people living with chronic conditions. Historical manager description is used where the current site only returns a loading shell.
Holding record ↗03 / Team & connect
Founder and Managing Partner
Founder and managing partner; investment and board experience across technology businesses. Personal headline uses Managing Director; manager uses Managing Partner.
LinkedIn profile ↗ · Manager biography ↗
General Partner
Enterprise software, B2B commerce, AI and industrial technology.
LinkedIn profile ↗ · Manager biography ↗
General Partner
Enterprise technology, emerging technology and B2B commerce. Prior Endiya investments are not Kae portfolio entries.
LinkedIn profile ↗ · Manager biography ↗
Partner
Fintech, consumer technology and direct-to-consumer brands.
LinkedIn profile ↗ · Manager biography ↗
Senior Associate
Fintech, consumer technology and deep tech.
LinkedIn profile ↗ · Manager biography ↗
Associate
Consumer technology, consumer brands and B2B AI.
LinkedIn profile ↗ · Manager biography ↗
Chief of Staff
Portfolio management, community, fundraising and investments. Chief of Staff is not relabelled as a partner.
LinkedIn profile ↗ · Manager biography ↗
Investment team
Consumer and enterprise AI, B2B commerce and deep tech. Exact seniority not published.
LinkedIn profile ↗ · Manager biography ↗
Investment team
Consumer and enterprise AI, B2B commerce and deep tech. Exact seniority not published.
LinkedIn profile ↗ · Manager biography ↗Reviewed 2 November 2026 against all nine personal LinkedIn pages and current manager biographies; manager portraits matched to personal photographs where available. Gautam's personal page uses an illustrated avatar, so his named manager portrait is used. Exact role titles come from the manager; Ishan and Jainam have no invented seniority. Finance, operations, marketing and other support-only roles are not promoted into investment contacts. A role is not a promise that every person reviews every deal.
Official team and contact route ↗04 / Fund network
45 named institutional, individual and family-capital lineages across dated fund disclosures. These are not a complete current LP register or evidence of subscriptions to every vehicle. The manager keeps its current LP details confidential; public historical announcements are retained with their dates and vehicles.
Fund I / institutional LP
Named among global fund-of-funds backing the $25 million debut fund in the 26 March 2012 close report. A historical disclosure, not proof of a Fund IV subscription.
Backing disclosure 1 ↗Fund I / institutional LP
Named among global fund-of-funds backing the $25 million debut fund in the 26 March 2012 close report. A historical disclosure, not proof of a Fund IV subscription.
Backing disclosure 1 ↗Fund I / institutional LP
Named among global fund-of-funds backing the $25 million debut fund in the 26 March 2012 close report. A historical disclosure, not proof of a Fund IV subscription.
Backing disclosure 1 ↗Fund I / institutional LP
Named among global fund-of-funds backing the $25 million debut fund in the 26 March 2012 close report. A historical disclosure, not proof of a Fund IV subscription.
Backing disclosure 1 ↗Fund I / venture-firm LP
Named among venture firms subscribing to the debut fund in March 2012. Original historical name retained; not automatically treated as every later successor entity or vehicle.
Backing disclosure 1 ↗Fund I / venture-firm LP
Named among venture firms subscribing to the debut fund in March 2012. Original historical name retained; not automatically treated as every later successor entity or vehicle.
Backing disclosure 1 ↗Fund I / venture-firm LP
Named among venture firms subscribing to the debut fund in March 2012. Original historical name retained; not automatically treated as every later successor entity or vehicle.
Backing disclosure 1 ↗Fund I / named individual backer
Named as an entrepreneur or individual backer in the March 2012 debut-fund report. The associated employer is not asserted to be the subscribing legal entity.
Backing disclosure 1 ↗Fund I / named individual backer
Named as an entrepreneur or individual backer in the March 2012 debut-fund report. The associated employer is not asserted to be the subscribing legal entity.
Backing disclosure 1 ↗Fund I / named individual backer
Named as an entrepreneur or individual backer in the March 2012 debut-fund report. The associated employer is not asserted to be the subscribing legal entity.
Backing disclosure 1 ↗Fund I / named individual backer
Named as an entrepreneur or individual backer in the March 2012 debut-fund report. The associated employer is not asserted to be the subscribing legal entity.
Backing disclosure 1 ↗Fund I / named individual backer
Named as an entrepreneur or individual backer in the March 2012 debut-fund report. The associated employer is not asserted to be the subscribing legal entity.
Backing disclosure 1 ↗Fund II and Fund III / institution
SIDBI Venture Capital primary commitments register lists Rs45 crore sanctioned for Kae Capital Fund II against a Rs253.45 crore target corpus and Rs70 crore for Fund III against a Rs525 crore target. Sanctioned commitments are not cash drawn, and those target figures are not the final Fund III close. Also named in close reporting.
Backing disclosure 1 ↗ Backing disclosure 2 ↗ Backing disclosure 3 ↗Fund II / institution
Named as a global institutional backer in the September 2017 $53 million final-close report. Historical report attribution; no later-vehicle subscription inferred.
Backing disclosure 1 ↗Fund II / institution
Named as a global institutional backer in the September 2017 $53 million final-close report. Historical report attribution; no later-vehicle subscription inferred.
Backing disclosure 1 ↗Fund II / reported backer
The September 2017 report spells this name Velos Partners. Later Fund III and Winners Fund II reports name Velo Partners. The spelling difference is preserved rather than treating their legal identity as verified.
Backing disclosure 1 ↗Funds I, II and III / individual
Named in historical debut-fund reporting and in the second- and third-fund close reports. This is an individual/family-capital relationship, not a claim that MakeMyTrip is the LP.
Backing disclosure 1 ↗ Backing disclosure 2 ↗ Backing disclosure 3 ↗Funds II and III / individual and family-office lineage
Fund II close reporting names Kris Gopalakrishnan. Fund III reporting explicitly names his family office Pratithi. Not presented as an Infosys corporate subscription.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Funds II and III / family-capital lineage
Fund II reporting names Sunil Munjal; the Fund III announcement names the Sunil Kant Munjal family office. Hero affiliation does not establish the precise subscribing legal entity.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Funds II and III / individual
Named entrepreneur backing across the historical second- and third-fund disclosures. Employer names are biographical context, not evidence of corporate LP status.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Fund III / individual
Named in the November 2022 Fund III close disclosure. Their associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Fund III / individual
Named in the November 2022 Fund III close disclosure. Their associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Fund II / individual
Named among entrepreneur backers in the second-fund close report. Not treated as a corporate subscription by their associated business.
Backing disclosure 1 ↗Fund II / individual
Named among entrepreneur backers in the second-fund close report. Not treated as a corporate subscription by their associated business.
Backing disclosure 1 ↗Fund III / institution
Named as an institutional backer in the 24 November 2022 Rs767 crore Fund III final-close disclosure. Historical name retained, without inventing a present legal successor.
Backing disclosure 1 ↗Fund III / institution
Named as an institutional backer in the 24 November 2022 Rs767 crore Fund III final-close disclosure. Historical name retained, without inventing a present legal successor.
Backing disclosure 1 ↗Fund III / institution
Named as an institutional backer in the 24 November 2022 Rs767 crore Fund III final-close disclosure. Historical name retained, without inventing a present legal successor.
Backing disclosure 1 ↗Fund III and Winners Fund II / institution
Named in the November 2022 Fund III and September 2023 Winners Fund II final-close reports. The 2017 Velos spelling is recorded separately pending legal-identity confirmation.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Fund III / individual
Named as a founder backer in the November 2022 final-close disclosure. Their portfolio-company employment does not make that company the LP.
Backing disclosure 1 ↗Fund III / individual
Named as a founder backer in the November 2022 final-close disclosure. Their portfolio-company employment does not make that company the LP.
Backing disclosure 1 ↗Fund III / family office
Named family-capital backer in the November 2022 Fund III disclosure. All Cargo, SRF and Apax associations are not silently converted into corporate subscriptions.
Backing disclosure 1 ↗Fund III / family office
Named family-capital backer in the November 2022 Fund III disclosure. All Cargo, SRF and Apax associations are not silently converted into corporate subscriptions.
Backing disclosure 1 ↗Fund III / family office
Named family-capital backer in the November 2022 Fund III disclosure. All Cargo, SRF and Apax associations are not silently converted into corporate subscriptions.
Backing disclosure 1 ↗Fund III / family office
Named family-capital backer in the November 2022 Fund III disclosure. All Cargo, SRF and Apax associations are not silently converted into corporate subscriptions.
Backing disclosure 1 ↗Fund III and Winners Fund II / disclosed backer
Fund III reporting names the Hemendra Kothari family office, with DSP as biographical context. The September 2023 Winners Fund II report names Hemendra Kothari. Not evidence of a DSP corporate subscription.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Winners Fund II / individual
Named in the September 2023 $50 million final-close report. His KKR role is context; this is not a verified KKR institutional LP commitment.
Backing disclosure 1 ↗Winners Fund II / institution
Named as an investor in the September 2023 final-close report, which identifies the former IIFL Wealth and Asset Management name.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / individual
Named in the September 2023 final-close report. Associated operating companies are not asserted to be the subscribing entities.
Backing disclosure 1 ↗Winners Fund II / family office
Named in the September 2023 $50 million final-close disclosure.
Backing disclosure 1 ↗Employers are not inferred to be LPs from individual names. Henry Kravis is not relabelled KKR. Reported Velos and Velo spellings remain qualified. Sanctioned commitments, target corpus and final close are distinct figures. Fund managers, trustees, co-investors and portfolio companies are not treated as LPs merely because they appear nearby.