Investment Firm Atomic Capital completes closure of initial Venture Capital fund, secures major institutional Limited Partners
In a significant development for the Indian startup ecosystem, Atomic Capital, a venture capital firm, has successfully closed its maiden fund at a total amount of over ₹400 crore. This impressive figure surpasses the initial target of ₹155 crore, which was reached at the fund's first close in 2024.
The fund, which targets early growth-stage Indian consumer, consumer-tech, and consumer-enabler startups, aims to build a portfolio of 10–12 startups. The average initial investments are expected to range between ₹10–30 crore, with reserves set aside for follow-on rounds. Since the first close, Atomic Capital has already deployed around ₹50 crore across four startups.
This ₹400 crore corpus marks one of the largest debut funds dedicated to Indian consumer-focused startups. The investment activity is planned to continue over the next 2-3 years, with the fund duration timeline set at about eight years.
Atomic Capital made its first investment with the Securities and Exchange Board of India in March 2024, registering its first investment vehicle. The firm has already backed several startups, including ANNY, Doodhvale Farms, and Conscious Chemist.
Meanwhile, another venture capital firm, STOA Infra and Energy, an Africa-focused venture, is onboarding a key Limited Partner (LP) for its Fund II. Elsewhere, the International Finance Corporation (IFC) has become an anchor LP for HDFC Capital's $1-bn real estate fund.
As for 247VC, they are close to reaching the first close of their maiden fund and are actively reaching out to key Limited Partners.
This wave of fundraising and investments underscores the growing interest and confidence in the Indian startup ecosystem, particularly in consumer-focused sectors.
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