Kettleborough VC Launches Rs 80 Crore Fund II for Early-Stage Tech Startups
Kettleborough VC, led by Nisarg Shah, has initiated its second fund, Kettleborough Fund II, with a target corpus of Rs 80 crore. The fund aims to support early-stage technology startups, with a focus on inception-stage investing in founders with over a decade of domain expertise.
Fund II has already secured Rs 35 crore in its first close, with commitments from family offices and entrepreneurs in India and the US. The fund will retain a sector-agnostic approach but prefers 'Dhandha-first' businesses in financial services, full-stack commerce, and vertical SaaS. It aims to back about 10 companies that align with its sharp thesis of founder-market fit at inception.
Kettleborough VC's Fund I backed 12 startups, with several raising follow-on rounds from marquee investors. 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. Nisarg Shah advocates for a high-conviction, low-velocity investing model, backing founders at 'the last straw moment' when experience, market familiarity, and network depth converge.
Kettleborough VC expects to complete deployment of Fund I this quarter and is preparing for its first exits. With Fund II, the firm continues its mission to support early-stage technology startups, focusing on inception-stage investing in founders with over a decade of domain expertise and execution readiness.
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