Kae Capital, an India-based seed fund, has reportedly received investment from venture funds Sequoia Capital, SAIF Partners, Omidyar Network and a fourth unnamed investor.
The funds backed the $25m fund raised by Kae, according to news provider Live Mint on Friday.
Live Mint added fund of funds Axiom, Squadron Capital and Morgan Creek Capital Management and businessmen including Manish Kejriwal, managing partner of Kedaara Capital, Deep Kalra, chief executive of online travel company MakeMyTrip, and Naveen Tewari, founder of InMobi, backed the fundraising.
Kae was set up last year by Mumbai-based Sasha Mirchandani, the India head of US-based venture capital firm BlueRun Ventures, formerly Nokia’s corporate venturing unit.