Archive · 5 Sep 2025
Solo GP Firms Expected to Rise in India as VC Market Deepens
Imagine a venture capital firm, but instead of a team, it's run by just one person.
Nisarg Shah, with his firm Kettleborough VC, is one such 'solo GP.'
He's launching a new fund to invest in startups.
He believes more of these solo firms will pop up in India as the market grows.
Shah has already invested in many companies.
He likes to invest in companies with founders who have lots of experience.
His investments are in financial services, commerce, and software.
He plans to keep running his firm solo, as it allows him to connect deeply with the founders.
He has found that one potential issue is that it might not fit the expectations of some large investors in India, but it works for him.
Kettleborough VC, a solo GP firm, plans to invest in startups from its new fund.
The VC industry in India is maturing, expecting more solo GP firms.
Nisarg Shah has invested in around 30 companies over seven years.
Shah is proud of investments like Bharat Housing Network and Sumosave.
Major investments are in financial services, full-stack commerce, and software.
- Who
- Nisarg Shah, founder of Kettleborough VC.
- What
- Discussed the rise of solo GP firms in India's VC market.
- When
- Fund II launch expected soon.
- Where
- India.
- Why
- To provide insights into the solo GP VC model and its future in India.
- Firm Name
- Kettleborough VC
- Founder
- Nisarg Shah
- Fund II Target
- Rs 60-80 crore
- Fund II Investment Goal
- 10-12 startups
- Fund 1 Corpus
- Rs 30 crore
- Shah's Investment History
- Invested in about 30 companies in 7 years
- Focus Sectors
- Financial services, full-stack commerce, software