Private Equity

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Early-stage investor Atom XVII seeks Rs.75-Cr for consumer startup fund

Economic Times   Entrackr  

Mumbai-based Atom XVII, a newly established investment firm, has launched a Category II Alternative Investment Fund (AIF) focused on the consumer sector in India. The firm is targeting a corpus of INR 75 crore and aims for its first close by the end of July 2026. The fund has secured soft commitments of INR 40 crore, with participation from Safari Commercials and Mohit Mutreja of the Alphagrep Group.Founded by Harsh Kapadia, Atom XVII intends to build a portfolio of 13 to 15 companies, with an average ticket size of INR 3 crore per investment in the pre-seed to Series A stages. The fund focuses on high-growth consumer segments and prioritises investment opportunities in markets beyond Tier-I cities.Atom XVII has already commenced deal sourcing and has warehoused its first investment, having led a bridge round in Nothing Before Coffee (NBC) with an investment of INR 3 crore.