Kettleborough VC, an India-based early-stage venture capital led by seed investor Nisarg Shah, has announced the launch of its maiden VC Fund.
According to the firm, The Fund has received capital commitments of $5 Million from LPs comprising Business Owners and Startup Founders. Keeping Founder-Market Fit at its focus, the Fund will invest in technology-centric startups led by serial entrepreneurs and domain experts.
Kettleborough was launched as a Solo GP Fund by Nisarg Shah in late 2021 to invest in promising technology-driven ventures at their seed stages and co-create them along with their founders.
So far, through this maiden Fund, Kettleborough said it has deployed capital in 5 companies, including Zippmat with Matrix and Zephyr Peacock, Zocket with Kalaari, and Bytelearn with Leo and Chiratae, and is closing two more transactions with Infoedge and Kae in the coming month.
Shah comes with extensive experience in the early-stage ecosystem, wherein, he has been instrumental in helping multiple companies with their 0 to 1 journey. He has been a seed investor in startups like Phablecare, Otipy, Homecapital, Onebanc, and Bigspoon, among others.
Speaking on the close, Kettleborough’s Founder and General Partner, Nisarg Shah said, “We build up independent conviction on founders and the space they want to operate in at ideation or even before that, bring along relevant partners and help the companies see it through.”
“We have been working with this profile of founders for years now and understand very well on how to co-ideate and be complementary alongside them. Our value-additions range from insights on revenue models to getting upstream investors to enabling business partnerships for the companies. The investment approach has been well refined over years across more than 20 companies before the inception of this VC fund. The pre-fund portfolio already has 2 seed-funded companies at $ 100M+ valuation and is on track to have 2 more in the next few quarters. The fund vehicle is just an extension of the work we have been already doing,” added Shah.
Nisarg Shah-led AIF has been consciously designed to move fast and does not follow the typical procedures of IC or partner meetings, resulting in faster capital deployment.
The firm said it will invest in 8-10 companies at the seed stage, in the next 12 months, with a cheque size of $150,000 – $300,000. Additionally, it will also participate significantly in the follow-on rounds of its portfolio companies.
Source @Indianstartupnews
