November 6, 2026: Daksham Capital has raised Rs 125 crore in the first close of its maiden Daksham Growth Ventures (DGV) Fund I, as the wealth management group looks to expand its investments in early-stage startups across consumer-focused sectors.
The fund has a target corpus of Rs 300 crore, comprising a base corpus of Rs 150 crore and a greenshoe option of an additional Rs 150 crore. The first close was backed by family offices, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and entrepreneurs, the company said in a statement.
DGV Fund I will invest in startups at the pre-Series A and Series A stages, with investments ranging from Rs 5 crore to Rs 20 crore. Its focus areas include direct-to-consumer (D2C) brands, consumer enablers, B2B2C businesses, supply chains and consumer-focused artificial intelligence (AI).
The fund plans to back businesses with annual recurring revenue (ARR) of Rs 25-75 crore, particularly those with the potential to scale their annual revenue to Rs 300-500 crore.
Daksham said it will look beyond funding and work with its portfolio companies on governance, financial reporting, brand positioning, leadership development and expanding distribution networks.
Daksham Targets Rs 300 Cr Fund to Back Early-Stage Startups
“Over the last decade, we have backed consumer start-ups that went on to deliver strong outcomes. What is changing now is how consumers discover, choose and buy. We believe the next decade of consumption will be shaped by brands and start-ups working alongside AI – from discovery and personalisation to fulfilment, trust and credit,” said Shivam Diwan, Co-Founder and Managing Partner, Daksham Growth Ventures.
The firm sees opportunities in businesses that have established a strong understanding of their consumers and are ready to expand into larger markets.
“We see considerable potential in businesses that understand their consumers, have built a strong foundation and are ready to expand their ambitions. Our focus is to build long-term partnerships that align capital with the opportunities ahead,” said Saket Lakhotia, Co-Founder and Group CEO, Daksham Capital.
Daksham Capital is a multi-family office and private wealth management group that advises HNI and UHNI families, business houses, CXOs, promoters of listed companies and family trusts. Its services also include investment banking.
