Kedaara closes debut India fund at $540m, rupee vehicle to follow
Kedaara Capital, a private equity firm led by former Temasek India head Manish Kejriwal, has reached a final close on its debut fund at $540 million. A rupee-denominated fund, which will co-invest alongside the US dollar fund on a pro rata basis, is in the process of being raised. The combined size of the two entities will not exceed $600 million.
Kejriwal set up the firm at the end of in 2011 alongside Sunish Sharma, formerly managing director at General Atlantic, and Nishant Sharma, formerly of General Atlantic and McKinsey & Company. They sealed...
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