Kedaara Capital goes beyond folds as it raises over $1 billion

Kedaara Capital has gone beyond the ceiling as it has managed to raise a record $1.7 billion, and has come at par with the deep pocketed global players that have dominated the space for years.

The fresh capital injection will enable the Indian company to work with firms such as Blackstone Inc. and Carlyle Group Inc., as they are hunting for deals in the world’s fastest growing major economy. Kedaara is now betting its local expertise and deep knowledge of the health, consumer, and finance sectors.


In an interview from Mumbai, Sunish Sharma, the co-founder of Kedaara, stated, “Exits to global sponsors who have so much dry powder but not the same level of deal flow in the segment for larger deals will become a greater option for us.”

Kedaara has broken the mold for the Indian companies with its latest funding, however, this is not the first time that the company has secured such huge bills. Three years ago, it has raised $1.1 billion. Such capital infusion is common among giants like KKR & Co.

With more money being employed, Kedaara’s portfolio investments could be targets for global players looking for majority stakes in fast growing firms. Blackstone alone aims to add $25 billion in Indian assets, while KKR and Goldman Sachs Group Inc. are eyeing deals.

Kedaara is being backed by Clayton Dubilier & Rice LLC that was co-founded by Sharma, Manish Kejriwal, the former India head of Temasek Holdings Pte, and Nishant Sharma.