Atomic Capital Closes Maiden Fund of Rs 400 Crore for Consumer Startups

Early and growth-stage VC firm Atomic Capital has announced the final close of its maiden fund at Rs 400 Cr.

The fund will support Pre-Series A and Series A startups in consumer tech and consumer-enabler sectors. The average initial investment will be Rs 10-30 Cr, with additional funding reserved for follow-on rounds, the firm said.

Atomic Capital plans to invest in 10-12 startups with this fund, the VC firm added. The fund had its first close at INR 155 Cr in 2024.

Read also- Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment

The maiden fund will focus on sectors such as food & beverages, nutraceuticals, personal care & beauty, jewellery, apparel & footwear, pet care, travel & accessories, electronics accessories, home furnishing, logistics, financial services, ecommerce SaaS, omnichannel infrastructure and manufacturing.

“Over the next 2–3 years, we plan to deploy both initial and follow-on capital, aligned with our overall fund timeline of eight years. We are currently evaluating over 20 companies and have already issued a term sheet for our fifth investment,” said Atomic Capital founding and managing partner Apoorv Gautam.

About Atomic Capital

Founded in 2024 by Apoorv Gautam, Atomic Capital is an early-stage VC that has made four investments, deploying a total of INR 50 Cr in the past 12 months.

Advertisment

In September 2024, it invested INR 12 Cr in D2C beauty startup Conscious Chemist.

In November, it co-led a $3 million funding round in dairy startup Doodhvale Farms, along with Singularity Early Opportunities Fund.