India-focused Kedaara Capital gears up to raise $1bn

Fourth investment vehicle comes after 2013 debut fund closed at $540m

20230526 KEDAARA

Kedaara Capital focuses on control and minority investment opportunities in India. (Source photo by Getty Images and logo from Kedaara Capital website)

PRAMUGDHA MAMGAIN and PARAMITA CHATTERJEE, DealStreetAsia

NEW DELHI -- Kedaara Capital, an India-focused private equity company, has initiated discussions to raise its fourth investment vehicle targeting a corpus of at least $1 billion, DealStreetAsia has learned.

"Talks are on [and] the initial preparation is being done as it looks to raise the new fund," said a source with knowledge of the development. "They are already talking to both foreign and domestic [limited partnerships] but the formal process will be started in a couple of months."

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