London-based private equity (PE) firm, Vitruvian Partners, has brought Kartikeya Kaji on board from Kedaara Capital to lead its Indian operations, according to reports.
Kartikeya Kaji: A Seasoned Leader
Kartikeya Kaji, with nearly a decade of experience as the managing director at Kedaara Capital in Mumbai, is expected to drive Vitruvian Partners’ expansion strategy in India. His appointment comes amidst the country’s growing prominence as a key destination for dealmaking in the private equity landscape.
Prior to his tenure at Kedaara Capital, Kaji has held prominent roles in private equity firms such as Clayton Dubilier & Rice and Temasek Holdings, as well as in investment banking with Perella Weinberg Partners and Merrill Lynch. With close to 30 years of rich experience in investment banking and finance, Kaji brings a wealth of expertise to his new role.
About Vitruvian Partners
Established in 2006, Vitruvian Partners is an international investment firm that specializes in supporting high-growth companies in achieving their objectives. The firm focuses on high-growth, dynamic situation buyouts, and growth capital investments.
Vitruvian Partners typically invests between $43.3 million to $649.3 million or more in companies valued from $81.2 million to $4.3 billion or above. David Nahama, a senior partner and one of the founders at the firm, leads Vitruvian Partners.
Past Investments and Ventures
In 2022, Vitruvian Partners participated in a funding round for fintech unicorn Pine Labs, contributing to a total investment of $50 million. This investment valued Pine Labs at slightly over $5 billion.
Additionally, Vitruvian Partners, alongside Sumeru Ventures and BlackRock, made investments in BYJU’S in 2022. However, BYJU’S has faced scrutiny and controversies related to corporate governance and debt issues since then, impacting its financial standing.
