- Piyush Gupta launches Kenro Capital
- Targets secondary market investments
- Focuses on promising Indian startups
Venture Capital Veteran Sets Sail on New Investment Journey
Piyush Gupta, former managing director at Peak XV Partners, has launched Kenro Capital, a Singapore-based venture capital firm specializing in secondary market transactions.
The new firm, co-founded in partnership the experienced Norbert Fernandes from TR Capital Group, aims to capitalize on the growing interest in growth-stage secondary investments across India and Southeast Asia.
Targeting Promising Startups Primed for Future Success
Kenro Capital will focus on acquiring minority stakes in profitable or near-profitable companies positioned for IPOs within the next 2-3 years. The firm plans to invest between $20 million to $30 million per transaction, primarily targeting the Indian market. Gupta emphasizes the firm’s strategic approach to helping founders navigate potential IPO and merger opportunities.
A Timely Entry into a Booming Investment Landscape
The launch comes amid a surge in secondary market transactions, with numerous startups like Capillary Technologies, ixigo, and Urban Company experiencing significant secondary deal activity. Gupta’s extensive experience, including involvement in notable deals such stake sales in Zomato and Mastercard’s Pine Labs investment, positions Kenro Capital uniquely in the evolving venture capital ecosystem.
