Kae Capital logo

Kae Capital

Asia, Maharashtra, India, Mumbai

Description

Kae Capital is a prominent early-stage venture capital firm based in Mumbai, India, established in 2012 by Sasha Mirchandani. The firm positions itself as a sector-agnostic investor, primarily focusing on technology-led businesses that present innovative solutions to existing market inefficiencies and gaps. Their investment philosophy centers on identifying promising startups from the Seed to Series A stages, providing crucial early capital and strategic support to help them scale.

Over the years, Kae Capital has demonstrated a consistent growth in its investment capacity. The firm has successfully raised three funds, with their latest, Fund III, targeting a substantial $100 million. This marks a significant increase from their previous funds, Fund I which was approximately $25 million, and Fund II at around $50 million, reflecting their expanding influence and commitment to the Indian startup ecosystem. Typically, Kae Capital deploys first cheques ranging from $500,000 to $5 million, with the flexibility to provide follow-on investments as their portfolio companies mature and raise subsequent rounds.

Kae Capital boasts a robust portfolio of over 80 companies across diverse sectors such as FinTech, SaaS, Healthcare, Consumer, and Deep Tech. Their track record includes several successful exits, notably Myntra (acquired by Flipkart), Porter, and HealthKart, underscoring their ability to pick winning ventures. Beyond capital infusion, Kae Capital is known for its hands-on approach, offering strategic guidance, mentorship, and access to a vast network of industry experts and potential partners, thereby fostering the growth and success of its portfolio companies.

The firm's long-term vision is to continue backing disruptive Indian startups that leverage technology to create significant impact. Their commitment to supporting founders through various growth phases, combined with a keen eye for innovation, solidifies Kae Capital's position as a key player in India's dynamic venture capital landscape, contributing significantly to the nation's burgeoning entrepreneurial ecosystem.

Investor Profile

Kae Capital has backed more than 44 startups, with 6 new investments in the last 12 months alone. The firm has led 6 rounds, about 14% of its total and boasts 17 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in India, United States.
  • Strong thematic focus on Software, E-Commerce, Artificial Intelligence (AI).
  • Led 3 rounds in the past year.
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (27%)
  • Series A (23%)
  • Series B (14%)
  • Series C (14%)
  • Angel (7%)
  • Pre Seed (5%)
  • Series D (5%)
  • Series Unknown (2%)
  • Series G (2%)
  • Series E (2%)

Country Focus

  • India (77%)
  • United States (20%)

Industry Focus

  • Software
  • E-commerce
  • Artificial Intelligence (Ai)
  • B2b
  • Marketplace
  • Enterprise Software
  • Consumer Goods
  • Manufacturing
  • Mobile
  • Retail
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Kae Capital frequently co-invest with?

Blume Ventures
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
Info Edge ventures
Asia, Uttar Pradesh, India, Noida
Co-Investments: 4
growX ventures
Asia, Delhi, India, New Delhi
Co-Investments: 4
Mumbai Angels
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
Peak XV Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 7
Accel
North America, California, United States, Palo Alto
Co-Investments: 8
Greenoaks
North America, California, United States, San Francisco
Co-Investments: 4
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 4
Tekton Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Omidyar Network
North America, California, United States, Redwood City
Co-Investments: 3

Which angels does Kae Capital often collaborate with?

Shared Deals: 1
BR
North America, California, United States, San Francisco
Shared Deals: 1
BF
North America, Washington, United States, Seattle
Shared Deals: 1
Shared Deals: 1
KG
North America, New Jersey, United States, Marlboro
Shared Deals: 2
Anupam Mittal
Asia, Maharashtra, India, Mumbai
Shared Deals: 2
Rajesh Yabaji
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
MS
North America, Georgia, United States, Atlanta
Shared Deals: 1
AG
North America, California, United States, Palo Alto
Shared Deals: 1
BP
North America, Washington, United States, Seattle
Shared Deals: 1

What are some of recent deals done by Kae Capital?

KNOT

Bengaluru, Karnataka, India

KNOT is a rapidly expanding quick commerce fashion platform.

FashionRetail
SeedJul 16, 2025
Amount Raised: $3,000,000

PowerUp offers unique asset classes to invest in and helps users in getting better with their money.

Finance
SeedJun 11, 2025
Amount Raised: $7,100,000
LoanTap

Pune, Maharashtra, India

LoanTap is an online platform committed to deliver flexible loan products to salaried professionals.

Financial ServicesFinTechLendingSoftware
Series CJun 5, 2025
Amount Raised: $6,300,000
GobbleCube

Gurgaon, Haryana, India

GobbleCube's AI-powered copilot automates revenue monitoring and RCA, allowing revenue staff to focus on execution.

Artificial Intelligence (AI)Software
SeedJun 3, 2025
Amount Raised: $3,500,000
BPR Hub

Cupertino, California, United States

BPRHub is enabling quicker, intelligent, and effective production by redefining compliance for manufacturers.

SoftwareWeb Development
SeedJan 20, 2025
Amount Raised: $2,600,000
Foxtale

Mumbai, Maharashtra, India

Foxtale is a skincare brand that offers and provides skin care items for all skin types.

BeautyManufacturingPersonal Health
Series CJan 15, 2025
Amount Raised: $30,000,000
Recommercex

Noida, Uttar Pradesh, India

Recommercex is an organized scrap aggregator serves as a catalyst for positive change in the waste management and recycling industry.

RecyclingSupply Chain ManagementWholesale
SeedSep 5, 2024
Amount Raised: $3,572,137
GobbleCube

Gurgaon, Haryana, India

GobbleCube's AI-powered copilot automates revenue monitoring and RCA, allowing revenue staff to focus on execution.

Artificial Intelligence (AI)Software
SeedMar 15, 2024
Amount Raised: $1,900,000
Disprz

Chennai, Tamil Nadu, India

Disprz is a one-of-its-kind “knowledge-tech” start-up that strives to make people knowledgeable, productive and smarter at what they do.

AnalyticsArtificial Intelligence (AI)B2BContentCorporate TrainingE-LearningEnterprise SoftwareSoftware
Series CAug 7, 2023
Amount Raised: $30,000,000
Hatica

San Francisco, California, United States

Hatica is an Engineering Analytics to boost developer productivity

AnalyticsDeveloper ToolsSoftware Engineering
SeedFeb 9, 2023
Amount Raised: $3,700,000