Fundraising Fox

Kushal Shah

Investor

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

Dubai, United Arab Emirates

About

An economist from Cambridge and a chartered accountant, Kushal spent over 20 years at strategy consulting firms and later led e& (Etisalat)'s CVC fund, deploying USD 180 million between 2022 and 2025. He co-founded Dubai Angel Investors and joined Raed 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

AiraloBreadfastDerqFuzeNawyQlub

Per the firm's website.

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?
An economist from Cambridge and a chartered accountant, Kushal spent over 20 years at strategy consulting firms and later led e& (Etisalat)'s CVC fund, deploying USD 180 million between 2022 and 2025. He co-founded Dubai Angel Investors and joined Raed 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.
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 Cambridge1,223

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

+ 1,217 more

Shared employers

Also worked at Dubai Angel Investors2

Heather HenyonFounding General Partner at Mindshift CapitalPatrick ThirietChief Executive Officer at EQ2 Ventures

Also worked at Airalo6

Maël RöhrigHead of VC at OneRagtimeAnshul AgarwalPartner at LG Technology VenturesMartell HardenbergInvestor at Antler AustraliaAakash KapoorPrincipal at Peak XV PartnersJussi SalovaaraManaging Partner at AntlerAbraham BurakCo-Founder and Chief Operating Officer at Airalo

Also worked at Breadfast2

Collins GilbertAssociate, Platform & Networks at Ventures PlatformAbel BoretoInvestment Director at Novastar Ventures

Also worked at Oliver Wyman Group198

Leonard PicardoAdvisor at Manta Ray VenturesGizem CakilInvestor at OpenView Venture PartnersRobert SeveroPartner, Chief Compliance Officer at Sapphire VenturesDale ChangOperating Partner at Scale Venture PartnersAmias GeretyPartner, Head of U.S. at QED InvestorsLaura BockPartner at QED Investors

+ 192 more