Kedaara Capital
- Company typePrivate
- Founded2011
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
Kedaara Capital firmographics
Firmographics- Name
- Kedaara Capital
- Legal name
- Kedaara Capital Investment Managers Ltd
- Website
- https://kedaara.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Kedaara Capital industry classification
Industry- Product category
- Private Equity / Alternative Asset Management
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)
- akta.pro primary industry
- Micro-PE / Lower Middle Market ETA Funds (FSANALAG)
Keywords
Where Kedaara Capital is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Kedaara Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Management Fees: Private equity firm earns management fees as a percentage of assets under management (AUM) from its limited partners (LPs). The firm manages approximately $6.5 billion in total assets across multiple funds.
- Carried Interest: Performance-based carried interest earned on successful exits and returns above the hurdle rate for fund investors. The firm has achieved significant exits including Lenskart IPO (five-fold return) and multiple partial exits across portfolio.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Kedaara Capital product offering
Product offeringCore offering
Kedaara Capital is an operations-focused private equity firm that invests in control and minority stakes in Indian growth-stage companies across Consumer, Financial Services, Healthcare and Pharma, Manufacturing, and Tech Services sectors. The firm manages multiple PE fund vintages with approximately $6.5 billion in total AUM, generating returns through management fees and carried interest. Its distinguishing feature is an operating partner model that pairs capital with senior former-CEO expertise from leading global firms to support portfolio company value creation.
Product overview
Kedaara Capital is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. As a PE investment firm, Kedaara does not offer technology products or SaaS platforms. The firm manages alternative investment funds and provides investment advisory services across sectors including Consumer, Financial Services, Healthcare and Pharma, Manufacturing, and Tech Services. The company's portfolio consists of equity investments in portfolio companies rather than distinct software products or modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Kedaara Private Equity Funds (Fund I through Fund IV) Multi-vintage private equity fund vehicles that deploy capital into control and minority investments in Indian growth-stage companies across consumer, financial services, healthcare and pharma, manufacturing, and tech services sectors. Available exclusively to qualified institutional Limited Partners (sovereign wealth funds, pension funds, endowments, family offices) through private placement.
- Kedaara Public Market Fund
Quantifiable outcome
- Five-fold return on Lenskart investment
- +2 more outcomes
Companies that use Kedaara Capital
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles2 records
Kedaara Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Kedaara Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- WeWork IndiaminorKedaara Capital founder Manish Kejriwal participated in the Titans summit co-presented by WeWork India and CNBC-TV18, discussing India's economic transformation and investment landscape with other business leaders.
- Clayton, Dubilier & Rice (CD&R)coreStrategic partnership with Clayton, Dubilier & Rice provides Kedaara access to global networks, operational insights, and best practices. CD&R is one of the most respected private equity firms in the world with over $58 billion invested since 1978. The partnership enables Kedaara to leverage former CD&R senior operating advisors and partners including Vindi Banga, Sir Terence Leahy, Ronald Williams, and others for portfolio company support.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Kedaara Capital competitors and assessment
Company assessmentDirect peers
- ChrysCapital: One of India's largest and most established homegrown private equity firms, with comparable AUM scale, India focus, sector breadth across consumer/financial services/healthcare, and similar mid-to-large cap control/minority investment approach. The most directly comparable India-focused PE peer to Kedaara.
- ICICI Venture: One of India's longest-running domestic PE platforms (affiliated with ICICI Group), investing across growth and late-stage deals in financial services, healthcare, consumer, and technology — closely comparable in mandate and target segments.
- True North (India): India-focused mid-market PE firm with similar sector mandate (financial services, healthcare, consumer) and operations-oriented approach. Kedaara's CFO Paras Nayyar previously served as MD & CFO at True North, evidencing direct operational overlap and talent flow.
- Multiples Alternate Asset Management: Leading India-focused PE firm making control and minority investments across financial services, consumer, and healthcare — overlapping directly with Kedaara's core sectors and ticket-size range.
Broad incumbents
- General Atlantic (India): Global growth equity investor with deep India roots — two of Kedaara's three founders (Sunish and Nishant Sharma) previously served there. Competes for similar growth-stage equity investments across consumer, tech, and financial services.
- Warburg Pincus (India): Global PE firm with one of the longest-standing India platforms and a co-investor alongside Kedaara in Avanse Financial Services. Competes for large-cap control deals across the same sectors.
- Baring Private Equity Asia: Pan-Asian PE firm (now part of EQT) with a sizable India allocation, investing across similar sectors and ticket sizes. Several Kedaara directors came from Baring, evidencing talent overlap.
- CVC Capital Partners (India): Global PE giant with a large and growing India franchise. CVC's recent acquisition of Kedaara's 26.47% Aavas stake makes it both a peer (competing for Indian mid/large-cap deals) and a transactional counterparty, with materially larger AUM.
- Bain Capital (India): Global PE firm with active India operations across private equity, special situations, and tech opportunities. Competes for the same consumer, financial services, and tech targets as Kedaara, with significantly larger AUM.
Emerging players
- Paragon Partners: India-focused mid-market PE firm investing in consumer, financial services, healthcare, and industrials. Smaller AUM than Kedaara but overlapping in sector mandate and ticket size, with similar operating-partner engagement model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Kedaara Capital social profiles
Digital presenceKedaara Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kedaara Capital leadership team
Management profileNumber of profiles
Profiles15 records
Kedaara Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kedaara Capital M&A and investment
M&A and investmentM&A7 records
Investments37 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kedaara Capital
What does Kedaara Capital do?
Kedaara Capital is an operations-focused private equity firm that invests in control and minority stakes in Indian growth-stage companies across Consumer, Financial Services, Healthcare and Pharma, Manufacturing, and Tech Services sectors. The firm manages multiple PE fund vintages with approximately $6.5 billion in total AUM, generating returns through management fees and carried interest. Its distinguishing feature is an operating partner model that pairs capital with senior former-CEO expertise from leading global firms to support portfolio company value creation.
Is Kedaara Capital a public or private company?
Kedaara Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Kedaara Capital founded?
Kedaara Capital was founded in 2011. It employs 11 to 50 people.
Where is Kedaara Capital based?
Kedaara Capital is headquartered in Mumbai, India, in the Asia region.
How does Kedaara Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Kedaara Capital's main competitors?
Direct peers on record are ChrysCapital, ICICI Venture, True North (India) and Multiples Alternate Asset Management. Broad incumbents are General Atlantic (India), Warburg Pincus (India), Baring Private Equity Asia, CVC Capital Partners (India) and Bain Capital (India). Paragon Partners is listed as an emerging player.
Does Kedaara Capital have an API?
No public API is recorded for Kedaara Capital.
What industry is Kedaara Capital in?
Kedaara Capital's product category is Private Equity / Alternative Asset Management. Its primary akta.pro industry code is FSANALAG, Micro-PE / Lower Middle Market ETA Funds. Its NAICS code is 5259.