Daksham Capital, a group managing private capital and multi-family offices, has successfully raised 125 crore rupees during the first closing of its Daksham Growth Ventures (DGV) Fund I.
According to an official statement, the target size of DGV Fund I is 300 crore rupees. This amount includes a base capital of 150 crore rupees and a greenfield option for an additional 150 crore rupees. The fund's initial closing was secured through the participation of family offices, high and ultra-high net worth individuals (HNI/UHNI), and entrepreneurs.
The fund plans to invest in startups at pre-Series A and Series A stages. Investment check sizes will range from 5 crore to 20 crore rupees. The primary focus will be on D2C brands, consumer tools, B2B2C businesses, supply chains, and consumer artificial intelligence.
As per the statement, the fund's preferred entry range is enterprises with an Annual Recurring Revenue (ARR) between 25–75 crore rupees. Emphasis is placed on companies with the potential to grow revenue to 300–500 crore rupees.
Shivam Dewan, Co-founder and Managing Partner of Daksham Growth Ventures, noted that over the last decade, they have supported consumer startups that have achieved significant success. He added that the way consumers find, choose, and purchase goods is changing. In his view, the next decade of consumption will be shaped by brands and startups working in conjunction with AI—from discovery and personalization to order fulfillment, trust, and lending.
In addition to providing capital, DGV will closely collaborate with portfolio companies on governance, financial reporting, brand positioning, leadership development, and distribution expansion.
Saket Lakhotiya, Co-founder and CEO of Daksham Capital, emphasized that he sees great potential in businesses that understand their consumers, have a solid foundation, and are ready to realize their ambitions. He stated that their goal is to create long-term partnerships that align capital with future opportunities.
Daksham Capital operates as an asset and wealth management group, providing advisory services to family offices and acting as an investment banker for high and ultra-high net worth families, business houses, CXOs, public company promoters, and family trusts.
