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

EntrackrEntrackr · 23d 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.

2am VC launches Fund II to invest in 30 Indian startups

EntrackrEntrackr · 4m ago
2am VC launches Fund II to invest in 30 Indian startups
Medial

2am VC launches Fund II to invest in 30 Indian startups 2am VC, an early-stage India-only venture capital firm, has announced the formal launch of 2am VC Fund II. The fund will invest in innovative areas generated by the New India opportunity, including startups in consumer tech, fintech, food & beverage, AI, and global SaaS. According to 2am VC, Fund II plans to invest in up to 30 Indian startups, predominantly at the pre-seed to seed stage, aspiring to lead investment rounds and take meaningful ownership in companies to provide operational value to founders. 60% of the fund will be committed to initial investments, leaving 40% to support founders in follow-on investments. 2am VC connects global investors with Indian founders as a hyperlocal partner, curating deal flow for global investors into the next generation of Indian founders while unlocking global resources for Indian founders to reach international networks and opportunities. The firm is dedicated to speed, transparency, founder-friendliness, and cross-border synergies, blending operational agility and institutional processes to effectively secure deals and go above and beyond to support founders. 2am VC states that it examines the key elements driving the New India, as founders build companies to tap into uniquely Indian contexts to better serve Indian end-users. The maturation of foundational models is giving way to new niche categories that meet emerging needs. The firm goes the extra mile to support founders as their hyperlocal and hyperglobal partners by introducing key relationships, arranging customers, and offering targeted guidance to support growth and achieve product-market fit. 2am VC has closed a $10 million Fund I. To date, 2am VC has invested in 47 companies, including notable startups such as NEWME, Apna Mart, Bimaplan, and Karbon Card, among others. Launched in 2021 by Hershel Mehta and Brendan Rogers, 2am VC is an early-stage Indian venture capital firm investing in innovative startups. With offices in Mumbai, Bengaluru, Delhi NCR, and Los Angeles, 2am VC blends the best of both East and West through the firm’s India Beachhead Strategy.

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