Daksham Growth Ventures Raises Rs 125 Crore in First Close
DGV Fund I, the first consumer fund of Daksham Capital, targets Rs 150 crore plus a Rs 150 crore greenshoe.
Key Takeaways
- Daksham Growth Ventures raised Rs 125 crore in the first close of DGV Fund I.
- The target is Rs 150 crore plus a Rs 150 crore greenshoe option, up to Rs 300 crore.
- Family offices, HNIs, UHNIs and entrepreneurs anchored the first close.
- The fund will mainly invest in pre-Series A and Series A consumer companies, with cheques of Rs 5 crore to Rs 20 crore.
- DGV Fund I is registered with SEBI as a Category II AIF.
Table of Contents 6 sections
Daksham Growth Ventures (DGV), the growth investment platform of Daksham Capital, has raised Rs 125 crore in the first close of DGV Fund I, its first consumer-focused fund. Daksham Capital is a multi-family office and wealth management group.
The fund has a target corpus of Rs 150 crore plus a Rs 150 crore greenshoe option, which takes the possible total to Rs 300 crore. Family offices, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and entrepreneurs anchored the first close.
Daksham DGV Fund I at a glance
| Detail | Value |
|---|---|
| Fund | DGV Fund I, the first consumer-focused fund of Daksham Growth Ventures |
| First close | Rs 125 crore |
| Target corpus | Rs 150 crore |
| Greenshoe option | Rs 150 crore |
| Possible total | Rs 300 crore |
| Registration | Category II Alternative Investment Fund (AIF) with SEBI, registered in October 2026 |
| First close investors | Family offices, HNIs, UHNIs and entrepreneurs |
| Led by | Shivam Diwan, co-founder and managing partner of DGV |
How Daksham Capital's new fund plans to back consumer startups
DGV Fund I will mainly invest in pre-Series A and Series A companies in India's consumer ecosystem, with cheques of Rs 5 crore to Rs 20 crore per business. It is looking at businesses with product-market fit and sound unit economics, annual recurring revenue (ARR) of Rs 25 crore to Rs 75 crore, and the potential to scale to Rs 300 crore to Rs 500 crore in revenue.
The fund covers four areas: direct-to-consumer (D2C) brands, consumer enablers, B2B2C and supply chain businesses, and consumer-focused artificial intelligence (AI) companies.
The Daksham Capital group behind the fund
Daksham Capital is a multi-family office and private banking and wealth management firm. It serves high-net-worth and ultra-high-net-worth individuals, family-owned businesses, CXOs and global Indian investors.
| When | What happened |
|---|---|
| May 2026 | Daksham Capital was launched by four finance professionals |
| October 2026 | DGV Fund I was registered with SEBI as a Category II AIF |
| 5 November 2026 | DGV Fund I's first close of Rs 125 crore was reported |
The support DGV says it will give the companies it backs
DGV said that besides capital, it plans to help portfolio companies with governance, financial reporting, brand positioning, leadership development, distribution expansion, board participation, strategic guidance and access to industry networks.
Where Daksham's first consumer fund stands after its first close
DGV Fund I has Rs 125 crore in hand against a target of Rs 150 crore plus a Rs 150 crore greenshoe option. Its first close investors are family offices, HNIs, UHNIs and entrepreneurs, and it is registered with SEBI as a Category II AIF.
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Frequently Asked Questions
What is DGV Fund I?
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Who invested in the first close of the Daksham fund?
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What is Daksham Capital?
How is the Daksham fund registered?
Which stages will the Daksham fund invest in?
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