Kenro Capital

Kenro Capital is a growth-stage secondary investment firm dedicated to providing liquidity solutions in India and Southeast Asia. The firm operates in a substantial $100 billion secondary market, growing at a 25% compound annual growth rate, by partnering with investors in growth-stage companies across the region. Kenro Capital's investment strategy targets minority stakes in companies that are market leaders, profitable or near profitability, and have strong corporate governance, aiming for potential public listings within 2 to 3 years post-investment. The firm plans to deploy $20 to $30 million per investment, with flexibility for larger amounts through co-investment opportunities. In December 2024, Kenro Capital made its first investment of approximately $40 million in K12 Techno Services, a leading education and technology services provider in India, to support the company's vision of delivering high-quality, holistic education services to students and schools across the country. This investment underscores Kenro Capital's commitment to addressing the growing need for liquidity solutions in the maturing venture capital market of India and Southeast Asia.

Kenro Capital is founded by Piyush Gupta, former Head of Strategic Development at Peak XV Partners (formerly Sequoia India), who brings over seventeen years of experience in technology investment banking at Morgan Stanley and Deutsche Bank. The firm's focus on growth-stage secondary investments positions it uniquely to address the liquidity needs of investors and founders in the region's expanding venture ecosystem. By providing tailored liquidity solutions, Kenro Capital aims to facilitate smoother transitions for stakeholders and support the continued growth and success of companies in India and Southeast Asia.

Kenro Capital's approach combines deep on-ground sourcing and exit capabilities with a specialization in secondary transactions, ensuring efficiency and transparency in valuation and terms. This strategy allows the firm to effectively address the structural market liquidity deficit in the region, offering a compelling value proposition for sellers, founders, and investee companies alike. Through its dedicated focus on growth-stage secondaries, Kenro Capital is poised to play a pivotal role in the evolving venture capital landscape of India and Southeast Asia.