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Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche

EntrackrEntrackr · 8h ago
Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche
Medial

Venture capital firm Kettleborough VC, founded by early-stage investor Nisarg Shah, has launched its second fund with a target corpus of Rs 80 crore and announced a first close at Rs 35 crore. The fund is backed by a mix of family offices and entrepreneurs from India and the US. According to Kettleborough, Fund II will continue to invest in deeply experienced founders at the earliest stages, typically those with over 10 years of domain expertise and a strong execution focus. The firm will write initial cheques of $300,000–$500,000 in about 10 startups, with significant follow-on reserves for high-performing bets. Founded in 2021, Kettleborough VC has built a name as a conviction-led, construct-specific fund. Its Fund I backed 12 startups including Zippmat, InPrime, Finhaat, and Elivaas, nine of which received their first institutional cheque from Kettleborough. These portfolio companies have since raised follow-on rounds from investors like Omnivore, Lightspeed, 3one4, and Bessemer. “We only back founders for whom the startup is a natural outcome of a decade-long journey in their domain. Fund I has validated this thesis with strong portfolio traction and early PMF. Fund II doubles down on this conviction,” said Shah. Kettleborough added that it focuses on “Dhandha-first” businesses, with interest across financial services, commerce infrastructure, and vertical SaaS/AI platforms. Shah has personally backed over 30 startups, with 10 exits and 80 follow-on rounds, including hits like Foxtale, Onebanc, and Homeville.

Banking tech platform GRAVITY raises $1 Mn led by Kettleborough VC

EntrackrEntrackr · 1y ago
Banking tech platform GRAVITY raises $1 Mn led by Kettleborough VC
Medial

GRAVITY, a hyper-personalised banking platform, has raised $1 million in a pre-series A funding round, led by Kettleborough VC. The round also saw participation from eminent personalities from the banking industry and a few HNIs. The Mumbai-based startup plans to deploy the capital towards tech development and execution of organic growth cycles, GRAVITY said in a press release. Launched in March 2024 by Satish Krishnaswamy and Rohit Maroo, GRAVITY enables banks to create a tailored experience for both retail and enterprise customers. The platform enables interoperability amongst all the underlying banking softwares managing core banking systems (CBS), payments, LOS, LMS, treasury, depository, among others. Using this ecosystem, banks can develop contextual and customised products on top of their existing solutions, as per the customers’ need and eligibility. As per the company, banks can achieve several efficiencies such as routing IMPS transactions through NEFT if the IMPS server is down, offering instant loans to customers facing failed transactions due to low account balance and launching new products or workflows within 2-3 days using its API symphony, among many other use cases. Kettleborough VC, an India-based early-stage venture capital led by seed investor Nisarg Shah, launched its maiden VC fund in October 2022. Since then, it has backed startups such as InPrime Finserv, Finhaat, Giga Fun Studios , Zocket and ONWO, among others.

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