Kaji is said to have been appointed to speed up Vitruvian Partners’ expansion in India
He has previously worked for PE giants such as Clayton Dubilier & Rice and Temasek Holdings, among others
Vitruvian’s India portfolio includes cash-strapped BYJU’S, as well as fintech unicorn Pine Labs
London-based private equity (PE) firm Vitruvian Partners reportedly roped in Kartikeya Kaji from Kedaara Capital to head its Indian division.
Kaji is said to have been appointed to speed up Vitruvian Partners’ expansion in India as the country is seen to be a hotspot for dealmaking, Reuters reported citing people familiar with the matter.
Kaji has been the managing director at Kedaara Capital in Mumbai for nearly a decade. Before that, he has also been on the board of a few other financial companies.
For nearly nine years, he has worked with private equity companies such as Clayton Dubilier & Rice and Temasek Holdings, also with investment banking including Perella Weinberg Partners and Merrill Lynch.
He joins Virtuvian with nearly 30 years of experience in the investment banking and finance industry.
Founded in 2006, Vitruvian Partners is an international investment firm that supports high growth companies to achieve their goals. The company invests in high growth, dynamic situation buyouts and growth capital investments.
The private equity firm looks to make investments between $43.3 Mn to $649.3 Mn or more of companies valued from $81.2 Mn to $4.3 Bn or above. Vitruvian Partners is headed by David Nahama, senior partner and one of the founders at the firm.
In 2022, fintech unicorn Pine Labs closed a funding round worth $50 Mn, raising money from Vitruvian Partners at a valuation of slightly more than $5 Bn.
The PE firm along with the controversial Sumeru Ventures and BlackRock invested in BYJU’S in 2022. Since then BYJU’S has seen a wide range of controversies and is generally considered to be caught in a major cash crunch due to various corporate governance and debt issues.
