Daksham Growth Ventures closes first tranche of Rs 125 crore fund
In short
Daksham Growth Ventures has raised about Rs 125 crore in the first close of its first consumer fund. The fund wants to reach Rs 150 crore and will invest Rs 5 crore to Rs 20 crore in early-growth companies.
It is meant to support direct-to-consumer and B2B2C businesses with help on governance, branding and distribution.
What the reporting says
Daksham Growth Ventures has completed the first close of its maiden consumer-focused fund, raising about Rs 125 crore. The Category II Alternative Investment Fund targets a total corpus of Rs 150 crore and plans to invest Rs 5 crore to Rs 20 crore in early-growth companies. It is meant to back direct-to-consumer and B2B2C businesses with governance, brand positioning and distribution support.
Why it matters
Daksham Growth Ventures completed the first close of its maiden consumer-focused fund at about Rs 125 crore. The fund is registered as a Category II Alternative Investment Fund and targets a corpus of Rs 150 crore, with cheque sizes of Rs 5 crore to Rs 20 crore. The fund is aimed at early-growth direct-to-consumer and B2B2C companies.