Three-time IPL winners and reigning IPL champions Kolkata Knight Riders (KKR) went all out in the IPL 2025 mega auction opening day to retain Venkatesh Iyer. KKR stunned by spending INR 23.75 crore for the capped Indian player. 

Although Kolkata Knight Riders didn't retain Venkatesh Iyer before the IPL 2025 auction, they bought the 29-year-old capped all-rounder for INR 23.75 crore. In the IPL 2025 mega auction, KKR were desperate for the known face, whose price IPL value has jumped huge from INR 8 crore to INR 23.75. 

LSG and RCB challenged KKR in the auction

From his base price of INR 2 crore, KKR started the bidding war with Lucknow Super Giants. After their bid ended INR 7.75 crore, Royal Challengers Bengaluru joined the battle with big bids. That intense expensive battle crossed the INR 23 crore mark, where the KKR finally won the bid. 

Iyer's IPL career

The 29-year-old Venkatesh Iyer has played all 51 IPL matches for KKR between 2021 and 2024. While the left-handed batter scored 1326 runs with an average of 31.57 and a strike rate of 137.12, including one century and 11 half-centuries, the right-arm medium pacer has bagged three wickets in his IPL career. 

During the IPL 2023, Iyer scored his most runs in an IPL edition, 404 runs in 14 innings (average of 28.86 and strike rate of 145.84), including his first IPL century. While he finished as the third leading run-scorer for his team in that season, he also finished in the same place for the IPL 2024 champions by scoring 370 runs in 13 innings (average of 46.25 and strike rate of 158.79) with the help of four half-centuries. 

In the meantime, the right-arm medium took all three IPL wickets in his debutant IPL season (2021). 

By spending a huge amount on Iyer in the IPL auction, the KKR have restricted their next auction battles, as the remaining purse suddenly dropped to less than INR 30 crore.