# Kae Capital

Kae Capital is a Venture Capital based in Mumbai, India.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** kae-capital.com
- **LinkedIn:** https://www.linkedin.com/company/kaecapital

## Regulatory record

- **CRD number:** 175414
- **SEC file number:** 802-106764
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/175414

## About

Kae Capital is an exempt reporting adviser in Mumbai. It advises clients on investment strategies. The firm focuses on venture capital investments.

## Sectors

- Enterprise Software
- FinTech
- Consumer Tech
- HealthTech
- AI/ML

## Offices

- Bengaluru, India

## People

- Sasha Mirchandani — Founder & Managing Partner
- Gaurav Chaturvedi — Partner

## Questions

### Who runs investment decisions at Kae Capital?

Sasha Mirchandani, the firm's founder and managing partner, leads the investment committee alongside partner Gaurav Chaturvedi. Mirchandani brings both operational and angel-investing experience, having co-founded Mumbai Angels before launching Kae in 2012. The partnership remains compact, with investment decisions concentrated among a small senior team rather than distributed across a large analyst bench.

### How does Kae Capital source deal flow?

Kae sources primarily through founder networks and repeat referrals — a direct result of Mirchandani's decade-plus presence in India's startup ecosystem. The firm's early institutional presence in the Indian venture market means it sees many Seed and Series A rounds before they reach broader syndicates. Its generalist brand also attracts cross-sector inbound interest, though the firm does not publicly disclose proprietary sourcing channels.

### What is Kae Capital's winners' fund and how does it work?

Kae's winners' fund is a separate vehicle raised alongside its main fund to double down on the firm's highest-performing portfolio companies. Announced alongside Fund III in 2022, it allows Kae to maintain or increase ownership in breakout companies without consuming follow-on reserves from the core fund. This dual-vehicle structure directly addresses the tension between making new seed bets and protecting pro-rata in winners.

### Does Kae Capital invest outside India?

Kae concentrates on India-headquartered companies but has backed founders expanding into Southeast Asia, the Middle East, and the United States. The firm does not market itself as a cross-border fund, and its on-the-ground investment team operates from Mumbai and Bengaluru. Portfolio companies with international revenue are a byproduct of founder ambition, not a geographic mandate.

### Which sectors does Kae Capital explicitly avoid?

Kae does not publish a formal exclusion list, but its generalist posture has historically avoided capital-intensive sectors such as deep tech hardware, biotech, and clean-energy infrastructure. The firm's portfolio clusters in software, fintech, and consumer tech — asset-light models that align with early-stage venture economics and the partnership's expertise. No known investments exist in defense, tobacco, or extractive industries.

## Related profiles

- [KADO Capital Management](https://altss.com/profile/kado-capital-management)
- [Kaedan Capital Group](https://altss.com/profile/kaedan-capital-group)

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Last updated: 2026-08-14T12:30:00.000Z

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