Kae Capital Hits 3.6x Returns! Discover Indian Startups Porter & HealthKart's Role in Landmark Exit

Kae Capital announced the complete exit from its first India fund, reporting a significant 3.6 times return on capital invested. The strong performance was primarily propelled by two key portfolio companies: Porter, an intra-city logistics platform connecting businesses and individuals for on-demand delivery services, and HealthKart, a health and nutrition retailer operating online and through physical stores.

Porter alone returned more than double the fund's initial capital, while HealthKart generated returns equivalent to the fund's entire corpus, with additional unrealized value still pending. Launched in 2012, this maiden fund is now recognized as one of the top-performing early-stage investment vehicles of its year. Kae Capital's overseas fund is also on track for over 5x returns, contributing to a combined performance that ranks among the highest for Indian seed-stage investors. The firm's first fund backed 32 startups, attracting over $900 million in follow-on capital and creating approximately $2.7 billion in enterprise value.

Heading "Impact" This news positively impacts the Indian venture capital and startup ecosystem by highlighting successful early-stage investment strategies and strong returns. It can boost investor confidence, attract more capital to the Indian market, and encourage more startups to seek early-stage funding. The success of Porter and HealthKart also demonstrates the growth potential of Indian startups in their respective sectors. Impact rating: 7/10.

Difficult terms: Venture Capital: Funding provided by investors to startups and small businesses believed to have long-term growth potential. Exit: When an investor sells their stake in a company, realizing their profit or loss. India fund: A pool of capital specifically raised by Kae Capital to invest in Indian companies. 3.6x return on capital: For every rupee invested, the fund returned 3.6 rupees. Portfolio companies: Companies in which the venture capital fund has invested. Secondary transactions: The sale of shares in a private company by existing shareholders (investors or employees) to new investors, rather than the company issuing new shares. Corpus: The total amount of money managed by a fund. Vintage: Refers to the year a specific fund was launched and began making investments. Follow-on capital: Additional funding rounds raised by a startup after its initial seed funding. Enterprise value: The total value of a company, including debt and equity. Unicorns: Privately held startup companies valued at more than $1 billion. Deeptech: Startups focused on significant scientific or engineering challenges and innovations.