Daksham Growth Ventures (DGV), the growth investment arm of private wealth management group Daksham Capital, has secured Rs 125 crore in the first close of its debut consumer-focused fund, DGV Fund I.
The fund is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF). It has a target corpus of Rs 150 crore, with an additional greenshoe option of Rs 150 crore that could increase its total size to Rs 300 crore.
Family offices, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and entrepreneurs supported the first close. DGV Fund I reached this milestone shortly after obtaining SEBI registration in October 2026.
Key Highlights:
- Daksham Growth Ventures raises Rs 125 crore in the first close of its maiden consumer-focused fund
- DGV Fund I targets pre-Series A and Series A consumer businesses with investments ranging from Rs 5 crore to Rs 20 crore
- The fund will support portfolio companies through strategic guidance, governance, leadership development and business expansion
The fund will be primarily investing in pre-Series A and Series A ventures across the consumer ecosystem in India led by Shivam Diwan, Co-Founder, Managing Partner of Daksham Growth Ventures and Astha Mago Co-Founder.
DGV Fund I will allocate Rs 5 crore to Rs 20 crore to invest in businesses that have achieved product-market-fit and have robust unit economics. It will be targeted at businesses with an annual recurring revenue (ARR) of Rs 25-75 crore, and look into the growth potential of expanding to Rs 300-500 crore in annual revenue.
The fund invests across four segments: D2C, consumer enablers, B2B2C and supply chain businesses and consumer-focused artificial intelligence (AI) businesses.
In addition to capital, DGV will leverage its portfolio companies through their governance, financial reporting, brand positioning, leadership and distribution expansion. The fund will also offer board participation, strategic support, and industry connections to enhance business organisational skills.
Daksham Capital is organized into four segments: family office advisory, investment solutions, global investing, legacy and succession planning, and investment banking advisory & structured lending solutions. The group said its team has counseled more than 600 families of clients and has handled more than $1 billion in assets in the past.
Daksham Growth Ventures is the dedicated growth investment platform of the group, with a focus on businesses and consumer businesses with proven business models that have the potential to scale in a sustainable manner.
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