However, Company’s founder and MD, Sasha Mirchandani refused to comment anything on the development. According to the sources, the company is more likely to raise another US $10 million funding soon. Kae Capital ventured into the market when it had raised its first funding of US $25 million in 2012. The fund’s past investors include venture capital firms Sequoia Capital, SAIF Partners and Omidyar Network; three global fund-of-funds—Axiom, Squadron Capital and Morgan Creek Capital Management; and Manish Kejriwal, managing partner at Kedaara Capital, and Deep Kalra, founder and chief executive of online travel company MakeMyTrip Ltd.
With the raised amount in 2012, the company funded all most 25 startups including Myntra, Flipkart, InMobi, Fractal Analytics etc. It has already invested its second round funding amount in five startups including Bengaluru-based Nudgespot Technologies Pvt Ltd which had raised US $ 650,000 funding in a round led by Kae Capital.