Daksham Capital launches INR 300 crore consumer-focused fund

Multi-family office Daksham Capital has launched its maiden consumer-focused vehicle, Daksham Growth Ventures (DGV) Fund I. The fund has secured INR 125 crore in its first close, moving toward a total target corpus of INR 300 crore, which includes a greenshoe option.

Led by managing partner Shivam Diwan, the fund plans to deploy capital into 10–15 startups, with typical investment sizes ranging from INR 5 crore to INR 20 crore. The firm will primarily target Pre-Series A and Series A companies with annual recurring revenue (ARR) between INR 25 crore and INR 75 crore. Diwan stated that the strategy prioritizes capital-efficient business models that have already established product-market fit.

The investment scope covers direct-to-consumer (D2C) brands, consumer enablers, and B2B2C platforms, with 50–70% of allocations expected to target direct consumer businesses. DGV also plans to integrate AI-driven consumer services into its mandate, focusing on operations and customer engagement rather than deeptech research.

Beyond providing capital, the firm intends to offer board-level guidance, financial reporting assistance, and support in distribution expansion. The fund adds to a growing segment of dedicated consumer capital in the Indian market, following similar recent activity from firms like Kairon Capital and Fireside Ventures.