Kettleborough VC Launches Rs 80 Crore Fund II for Experienced Founders
Kettleborough VC, led by Nisarg Shah, has launched its second fund, targeting Rs 80 crore. Fund II will write initial seed cheques between $300,000 and $500,000 (Rs 2.5 crore to Rs 4.2 crore) and allocate follow-on capital to promising companies.
The firm has announced the first close of Rs 35 crore, with commitments from family offices and entrepreneurs in India and the US. Kettleborough VC focuses on inception-stage investing in deeply experienced founders, backing them at the 'last straw moment' when experience, market familiarity, and network depth converge. Shah continues to advocate for a high-conviction, low-velocity investing model with Fund II. The fund will retain a sector-agnostic approach but prefers 'Dhandha-first' businesses in financial services, full-stack commerce, and vertical SaaS. Several startups backed by Fund I have raised follow-on rounds from marquee institutional investors. The firm expects to complete deployment of Fund I this quarter and is preparing for its first set of exits.
Kettleborough VC's Fund II is off to a strong start with Rs 35 crore committed. The fund aims to support experienced founders with initial seed capital and follow-on funding. With a sector-agnostic approach and a focus on 'Dhandha-first' businesses, the fund is well-positioned to identify and support promising startups.
