Daksham Capital secured Rs 125 crore for the first close of its new Rs 300 crore DGV Fund I. The fund targets pre-Series A and Series A consumer startups, especially those integrating AI into discovery and fulfillment. This injects fresh liquidity and deep-pocketed family office backing into a market still seeing tighter Series A checks.
How We Got Here
Daksham Capital has advised HNI families and CXOs as a multi-family office and investment banker for over a decade. This Rs 300 crore fund formalises their move into direct growth-stage venture investing, building on their prior consumer startup bets.
The Numbers
- Cheque sizes will range from Rs 5 crore to Rs 20 crore for pre-Series A and Series A startups.
- The fund targets businesses with Rs 25-75 crore in annual recurring revenue (ARR), eyeing scale to Rs 300-500 crore.
- Key sectors include D2C brands, B2B2C businesses, consumer enablers, supply chains, and consumer AI.
- Beyond capital, DGV Fund I offers portfolio support in governance, financial reporting, and distribution expansion.
- The first close was anchored by family offices, HNI/UHNI families, and entrepreneurs.
What Happens Next
🇮🇳 Why This Matters for India
For founders building D2C and consumer AI solutions from Hyderabad to Jaipur, this fund offers a significant new avenue for growth-stage capital.
The Take
This fund sets a precedent. More large family offices, tired of fragmented angel investments, will launch dedicated venture vehicles to capture direct growth-stage deals. The shift institutionalises wealth in the startup ecosystem, giving founders a more structured, longer-term capital source.
Source:
YourStory ↗