We'll See More Solo GP Firms in India as VC Market Deepens

Kettleborough VC, a solo general partner (GP) venture capital firm, plans to invest in 21 startups from its recently launched Fund II with a target corpus of ₹60-80 crore.

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Launched in 2022, Kettleborough completed the deployment of Fund I recently. Nisarg Shah, founder, Kettleborough VC, speaks to S Shanthi about the reasons behind launching a solo GP firm, the rise of such firms in India, his firm’s standout investments so far and more. Excerpts:

Why did you decide to launch a solo GP firm? What makes this model appealing?

The solo GP VC fund is just an extension of the work that we’ve been doing till then since 2019, in the form of angel investments and leading syndicates. Starting the fund was a natural succession in the path to get the setup, capital management and financial engineering in a structured way.

We are seeing solo GP firms gain popularity outside India. However, in India, it is yet to pick up pace. Do you see many more joining you?