India, July 16 -- Nisarg Shah-led early stage venture capital firm Kettleborough VC has launched its second fund with a target corpus of INR 80 Cr.

The VC firm also announced the first close of its second investment vehicle at INR 35 Cr . The fund is backed by a host of undisclosed investors and family offices based in India and US.

The Fund II aims to back startups across fintech, full stack commerce solutions, vertical SaaS and agentic AI-led platforms. It plans to write an initial cheque in the range of $300K-500K.

In 2022, Kettleborough closed its maiden fund at $5 Mn. The VC firm claims to have backed 12 startups under its Fund I, including Zippmat, InPrime, Finhaat, Elivaas, Sumosave and Gravity among others. The VC is now planni...