Daksham Capital marks first close at Rs.125-Cr for Rs.300-Cr consumer focused fund

Wealth management group Daksham Capital has launched its maiden consumer-focused fund, Daksham Growth Ventures Fund I, with a target corpus of INR 150 crore and a greenshoe option of INR 150 crore. The firm, registered as a Category II alternative investment fund (AIF) has raised INR 125 crore in its first close. The round saw participation from family offices, high-net-worth individuals, ultra-high-net-worth individuals, and entrepreneurs.The fund, led by co-founder and managing partner Shivam Diwan, targets investments in 10 to 15 companies with cheque sizes ranging from INR 5 crore to INR 20 crore. It intends to focus on pre-Series A and Series A stages while considering select later-stage investments.Daksham Growth Ventures plans to allocate 50% to 70% of its capital to direct consumer businesses, with the remainder directed toward consumer enablers such as contract manufacturers and supply chain firms. The fund’s investment mandate covers D2C (direct-to-consumer) brands, consumer enablers, B2B2C platforms, and supply-chain businesses, along with companies leveraging AI in consumer services. The firm targets businesses with annual recurring revenue between INR 25 crore and INR 75 crore that demonstrate potential to scale annual revenue to INR 300 crore to INR 500 crore.