Venture capital firm Kettleborough VC has started its second fund, aiming to raise INR 80 crore in total. It has already raised INR 35 crore in the first round of funding.
The fund is backed by family offices and business owners from India and the US.
Kettleborough says its second fund will support startup founders right at the beginning of their journey.
They will focus on founders who have over 10 years of experience in their field and are good at getting things done.
The fund plans to invest $300,000 to $500,000 in about 10 startups. It will also keep some extra money to support the best-performing ones later.
Nisarg Shah, Founder and General Partner, Kettleborough VC, said, “We are extremely disciplined about backing execution journeys only, wherein we invest only in founders for whom the venture is the natural culmination of a decade or more of expertise in a specific domain. That’s the last straw moment for us—the final convergence of market familiarity, lived experience, and deep networks. Fund I has shown a clear PMF for this thesis—tracking nearly 2x in just about 3 years from the final close—and we are now doubling down with Fund II to back about 10 more such companies.”
Kettleborough VC started in 2021 and is known for investing with strong belief and a clear plan. In its first fund, it supported 12 startups like Zippmat, InPrime, Finhaat, and Elivaas.
Nine of those startups received their first big investment from Kettleborough. Later, many of them got more funding from major investors like Omnivore, Lightspeed, 3one4, and Bessemer.
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