Fundraising Fox

Kushal Shah

Investor

General Partner at E3 Capital

Dubai, United Arab Emirates

About

Kushal Shah is General Partner of an SME rollup fund in the Middle East. He previously served as Managing Director of the corporate venture fund at e&, a major Middle East telecom operator, and earlier was a Senior Partner and Managing Partner for the Middle East at Roland Berger. His background spans venture capital, corporate strategy, and management consulting over roughly 25 years.

Experience

  1. Stealth PE FundOwnercurrent2025 — presentDubai, United Arab Emirates
  2. Dubai Angel InvestorsFoundercurrent2016 — present
  3. AiraloBoard Member2023 — 2025
  4. BreadfastBoard Member2023 — 2025
  5. e& capitalManaging Director (Ventures)2022 — 2025Dubai, United Arab Emirates
  6. Roland BergerGlobal co-head of Media & Entertainment2021 — 2022Dubai, United Arab Emirates
  7. Roland Berger Strategy ConsultantsManaging Partner Middle East2015 — 2018Dubai
  8. Roland Berger Strategy ConsultantsPartner, head of TMT Middle East2011 — 2015
  9. Oliver Wyman GroupPartner2000 — 2011London & Dubai
  10. Diamond clusterConsultant2000 — 2006
  11. Price Waterhouse Management ConsultantsConsultant1997 — 1998Kenya
  12. Ernst & YoungAuditor1993 — 1996london

Investments

Investor

AiraloBreadfastDerqFuzeNawyQlub

Per the firm's website.

Colleagues at E3 Capital

Andrew Darge
Investment Manager at E3 Capital
Andrew Reicher
Investor & Advisor at E3 Capital
Clemens Calice
Investor at E3 Capital
Cynthia Mwaura
Senior Associate at E3 Capital
Elo Umeh
Investor at E3 Capital
Faith Omwaga
Team Assistant at E3 Capital
Jean-Marc Bally
Investor at E3 Capital
Jean-Michel Séverino
Investor at E3 Capital

Frequently asked questions

Who is Kushal Shah?
Kushal Shah is General Partner of an SME rollup fund in the Middle East. He previously served as Managing Director of the corporate venture fund at e&, a major Middle East telecom operator, and earlier was a Senior Partner and Managing Partner for the Middle East at Roland Berger. His background spans venture capital, corporate strategy, and management consulting over roughly 25 years.
Where does Kushal Shah work?
Kushal Shah is General Partner at E3 Capital.
What companies has Kushal Shah invested in?
Investments tracked here include Airalo, Breadfast, Derq, Fuze, Nawy, Qlub.
Where did Kushal Shah go to school?
Kushal Shah studied at University of Cambridge (BA, MA); Braeburn; Institute of Chartered Accountants.

Same school

Also attended University of Cambridge893

Stewart ButterfieldCo-founder of Slack and FlickrDemis HassabisCo-founder & CEO of Google DeepMindNiko BonatsosVerdict Capital founder and pre-consensus investor formerly at General CatalystGeorgia StevensonInvestor at Index VenturesHannah SealInvestor at Index VenturesLeah von SiemensPartner at Manta Ray Ventures

+ 887 more

Shared employers

Also worked at Airalo6

Kushal ShahVenture Partner at RAED VenturesMaël RöhrigHead of VC at OneRagtimeAnshul AgarwalPartner at LG Technology VenturesMartell HardenbergInvestor at Antler AustraliaAakash KapoorPrincipal at Peak XV PartnersJussi SalovaaraManaging Partner at Antler

Also worked at Breadfast3

Collins GilbertAssociate, Platform & Networks at Ventures PlatformKushal ShahVenture Partner at RAED VenturesAbel BoretoInvestment Director at Novastar Ventures

Also worked at Oliver Wyman Group143

Leonard PicardoAdvisor at Manta Ray VenturesGizem CakilInvestor at OpenView Venture PartnersDale ChangOperating Partner at Scale Venture PartnersAmias GeretyPartner, Head of U.S. at QED InvestorsLaura BockPartner at QED InvestorsRobert TomkinsonSelf at Mucker Capital

+ 137 more

Also worked at Diamond cluster15

Jon KaplanExecutive Venture Partner at Caduceus Capital PartnersAnkita BalotiaPrincipal at Fireside Ventures Advisory LlpShaleen DevgunInvestor at TitletownTechScott SegellValue Based Care + Payor Relations / Healthcare Investor at Pave Health VenturesAnthony OundjianAdvisory Partner at Foxmont Capital PartnersDominic EndicottDirector at Northstar Ventures

+ 9 more