Indian PE firm Kedaara Capital makes first close of third fund at $221m

Indian PE firm Kedaara Capital makes first close of third fund at $221m

Kedaara Capital co-founder Manish Kejriwal. Photo: Abhijit Bhatlekar/Mint

Indian private equity firm Kedaara Capital, which counts unicorn Lenskart in its portfolio, has made the first close of its third fund at $221.45 million, its filing with the US Securities and Exchange Commission showed.

The firm began fundraising for Kedaara Capital Growth Fund III in June this year but did not specify the target amount for the fund as well as the target closing date. Kedaara, however, said the offering will not last more than one year.

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