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Buyout PE

Kedaara Capital

Kedaara Capital acquires controlling stakes in established, profitable businesses, from Mumbai, India. It states a focus on consumer & retail, financial services, healthcare & life sciences and software & internet.

Capital raised$1.1bnacross 4 SEC-filed vehicles
Most recent fund2024filing since 2017
HeadquartersMumbai, India
Largest single fund$634m

Stated investment criteria

What Kedaara Capital says it buys

Read from Kedaara Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesAdd-on1
OfficesMumbai3
People listed on its team page312

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Kedaara Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Kedaara Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed4
Total capital raised$1.1bn
Largest single vehicle$634m
Filing history2017 to 2024
Smallest accepted commitment$350k
Filed fromMAURITIUS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Kedaara Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised2 · $2.2bn gross
SEC adviser numberCRD 290337

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Kedaara Capital lists on its own website. 3 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
Vishal Megamart20188
Oasis Fertility View20224
K12 Techno Services View20233
ASG Eye Hospital
ASG Eye Hospital View
Aavas Financiers View
Ajax
Ajax View
Ami Lifesciences
Ami Lifesciences View
Au Small Finance Bank View
Avanse View
Axis Finance View
Axtria View
Bill Forge View
Care Health
Care Health View
Dairy Day View
Impetus View
Juspay
Juspay View
Lenskart
Lenskart View
Mahindra Logistics
Mahindra Logistics View
Manjushree
Manjushree Technopack View
Neurealm
Neurealm View
Oliva Skin Hair Clinic View
PUBLIC MARKETS
Parksons Packaging
Parksons Packaging View
Perfios
Perfios View
Porter View
Purplle View
R1 RCM
R1 RCM View
Spandana Sphoorty View
Sunbeam Lightweighting Solutions
Sunbeam Lightweighting Solutions View
Universal NutriScience View
Vedant Fashions
Vedant Fashions (Manyavar Mohey) View
Veritas View
Vijaya Diagnostics View
Vishal Megamart View

Compiled from Kedaara Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Kedaara Capital is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2016. 1 recorded acquisition.

CompanySideCounterpartyYearConsideration
Bill Forge Pvt Ltd.SoldCIE India2016$200m
Aavas FinanciersBought2016$143m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Consumer & Retail

What companies have actually sold for in consumer & retail, across 837 recorded transactions.

Median consideration$90m
Middle 50%$25m-$280m
Revenue multiple1.2×
EBITDA multiple8.05×

The full consumer & retail picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in consumer & retail.