Porter, HealthKart deliver multi-fold returns on Kae Capital's first fund

Maiden Fund I achieves more than 3x distribution to paid-in capital, establishing one of India's strongest early-stage track records

Venture capital firm Kae Capital on Tuesday said that Porter and HealthKart, two of its earliest investments, have together returned the firm’s maiden Fund I multiple times over, following a series of recent secondary transactions.

 

“When we raised Fund I, seed investing in India was almost unheard of. Our goal was simple, back extraordinary founders at their earliest stages and stand with them across cycles. To now deliver a top decile DPI number on that very first fund is deeply gratifying,” said Sasha Mirchandani, founding partner, Kae Capital.

 

Launched in 2012, Fund I backed 32 companies across India and the