About Kae Capital
What is Kae Capital?
Kae Capital is an early-stage venture capital firm based in Bengaluru, India. Founded in 2012 by Sasha Mirchandani, Kae is the first institutional investor for founders building in Consumer AI, Deeptech, B2B, Manufacturing, Fintech, Healthtech, and AI & Automation. Over 12 years, the firm has backed 90+ companies with a combined portfolio value exceeding $7.7 billion.
When was Kae Capital founded?
Kae Capital was founded in 2012 by Sasha Mirchandani, who also co-founded Mumbai Angels in 2006. It is one of India’s oldest continuously operating early-stage VC funds.
Who are the founders and team at Kae Capital?
Sasha Mirchandani is the Founder and Managing Partner. He has been investing in Indian startups since the Mumbai Angels era (2006) and has backed companies that became unicorns, IPOs, and strategic acquisitions. The firm has a team of 7 partners and investment professionals focused on seed-stage India.
Where is Kae Capital headquartered?
Bengaluru, India.
Investment Focus
What stage does Kae Capital invest at?
Kae Capital invests at the pre-seed to pre-Series A stage. The firm is typically the first institutional cheque in a company — before other venture funds, before meaningful revenue traction, based on founder quality and thesis conviction.
What sectors does Kae Capital invest in?
Kae invests across seven themes within India’s technology ecosystem:
- Consumer AI — AI-native products built for Indian consumers across health, finance, commerce, and daily life
- Deeptech — Hard science and engineering companies solving India-specific industrial and infrastructure challenges
- B2B — Business software, marketplaces, and infrastructure for India’s enterprise and MSME economy
- Manufacturing — India’s industrial transformation; supply chains, procurement, quality infrastructure, and Make in India enablers
- Fintech — Financial products built for India’s diversity of users — urban, semi-urban, formal, and informal
- Healthtech — Technology-enabled healthcare delivery, diagnostics, and health commerce across India
- AI & Automation — AI systems applied to Indian business contexts; intelligent operations, process automation, and physical AI
What is Kae Capital’s typical cheque size?
Kae writes initial cheques of $1.5 million to $2 million. The firm reserves capital for follow-on investments in portfolio companies that are scaling.
Does Kae Capital invest outside India?
Kae’s primary focus is India. A small number of portfolio companies have global operations or are India-headquartered with global customers.
What markets is Kae Capital most interested in right now?
Consumer AI products built for Indian users, deeptech solving hard infrastructure and industrial problems, B2B software for India’s MSME economy, manufacturing enablement, fintech for underserved segments, healthtech, and AI & automation applied to Indian business contexts.
The Application Process
How do I pitch to Kae Capital?
Submit via the pitch form at kae-capital.com/contact. Include a brief description of what you’re building, why now, and why you. Kae reviews every submission.
What does Kae Capital look for in founders?
Clarity of mind: the ability to explain a complex problem simply and convincingly. Audacity: founders who believe deeply in the size of what they’re building. India-specific insight: understanding of the structural gaps in Indian markets that global VCs miss. Kae does not screen heavily on credentials or prior exits.
How long does Kae Capital’s investment process take?
For pre-seed investments, Kae aims to move within 3–4 weeks from first meeting to term sheet if there is strong conviction. The process typically involves 2–3 meetings with the founding team.
Does Kae Capital lead rounds?
Yes. Kae typically leads or co-leads seed rounds and takes board or observer seats in portfolio companies.
Track Record
What are Kae Capital’s biggest investments?
- Porter — India’s largest intra-city logistics platform. Unicorn. Backed from seed.
- Zetwerk — India’s leading B2B manufacturing marketplace. Unicorn. Backed from seed.
- InMobi — Mobile advertising unicorn. One of India’s earliest tech unicorns.
- Tata 1mg — Online pharmacy and healthcare platform, acquired by Tata Group.
- HealthKart — Health and nutrition platform. Backed from early stage.
- Myntra — Fashion e-commerce platform, acquired by Flipkart.
- Fractal Analytics — Enterprise AI company. IPO.
- Nazara Technologies — Gaming company, listed on BSE.
How many unicorns has Kae Capital produced?
Three: Porter, Zetwerk, and InMobi.
What is Kae Capital’s overall track record?
Over 12 years: 3 unicorns, 2 IPOs, 30+ acquisitions, $2B+ in follow-on capital catalyzed, and $7.7B+ in combined portfolio value from 90+ companies.
Fund Structure
What defines Kae Capital’s investment approach?
Kae runs conviction-driven funds, investing in a focused number of companies so each portfolio company receives deep, sustained support. The firm takes time to deploy capital thoughtfully and stays actively involved through every stage of company building — from first cheque through scale.
Does Kae Capital have a follow-on fund?
Yes. Kae has a separate Winners Fund structure for doubling down on breakout portfolio companies.
For LPs / Co-Investors
Who are Kae Capital’s LPs?
Kae’s LP base includes Indian family offices, HNIs, and institutional investors. LP details are confidential.
How can I co-invest alongside Kae Capital?
Reach out via kae-capital.com/contact for co-investment inquiries at Series A and beyond in Kae portfolio companies.
Last updated: May 2026