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Kushal Shah

Investor

Founder at Dubai Angel Investors · Venture Partner at RAED Ventures · General Partner at E3 Capital

Dubai, United Arab Emirates

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About

Kushal is a Cambridge-trained economist and chartered accountant who spent over 20 years in strategy consulting before leading e& (Etisalat)'s CVC fund, where he deployed USD 180 million between 2022 and 2025. He co-founded Dubai Angel Investors and joined Raed as Venture Partner in 2025.

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

AiraloBreadfastDerqFuzeNawyQlubStarcity

Sources: the firm's website · curated public sources.

Colleagues at Dubai Angel Investors

Heather Henyon
Founding General Partner at Mindshift Capital
Patrick Thiriet
Chief Executive Officer at EQ2 Ventures

Frequently asked questions

Who is Kushal Shah?
Kushal is a Cambridge-trained economist and chartered accountant who spent over 20 years in strategy consulting before leading e& (Etisalat)'s CVC fund, where he deployed USD 180 million between 2022 and 2025. He co-founded Dubai Angel Investors and joined Raed as Venture Partner in 2025.
Where does Kushal Shah work?
Kushal Shah is Founder at Dubai Angel Investors.
What companies has Kushal Shah invested in?
Investments tracked here include Airalo, Breadfast, Derq, Fuze, Nawy, Qlub, Starcity.
Where did Kushal Shah go to school?
Kushal Shah studied at University of Cambridge (BA, MA); Braeburn; Institute of Chartered Accountants.

Same school

Shared employers