Kedaara Capital Poised to Raise Record-Breaking $1.7 Billion India PE Fund

📈 $1.7 Billion Fund:
– Kedaara Capital, one of India’s biggest PE firms, is set to raise India’s biggest PE fund yet, at $1.7 billion.
– Majority of the capital (80%) will be from existing investors, with 20% from new backers.

💼 Investment Focus:
– The fund will target sectors like banking, healthcare, consumer goods, and software.
– It will consider both minority stakes and complete acquisitions.

👥 Investors and Backers:
– New backers include US-based Cleveland Clinic and the University of Minnesota.
– Previous investors include Ontario Teachers Pension Plan and German insurer Allianz.

🚀 Kedaara Capital Overview:
– Founded in 2012, Kedaara has backed startups like Lenskart, Perfios, and Purplle.
– This will be their fourth fund, 54% larger than the third fund, which closed at $1.1 billion in 2021.
– They typically invest between $25-75 million, and up to $200 million in select cases.

💰 Investment Landscape:
– Despite a funding winter, foreign investors are attracted to India’s fast-growing economy.
– India’s startup ecosystem is thriving, with 126 new funds raising over $18 billion in 2022.

📅 Timeline:
– The fund is expected to be announced by March-end, with documentation currently being finalized.
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