Early and growth-stage VC firm Atomic Capital has completed raising its first fund, reaching INR 400 crore.
This fund will support startups at the Pre-Series A and Series A stages in consumer tech and related sectors. The average initial investment will be between INR 10 crore and INR 30 crore, with extra money set aside for future funding rounds.
Atomic Capital plans to invest in 10-12 startups using this fund. The fund had its first close at INR 155 crore in 2024.
The maiden fund will focus on sectors such as food & beverages, nutraceuticals, personal care & beauty, jewellery, apparel & footwear, pet care, travel & accessories, and electronics accessories.
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It will also invest in 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.
Founded in 2024 by Apoorv Gautam, Atomic Capital is an early-stage venture capital firm that has made four investments and invested a total of INR 50 crore in the past year.
In September 2024, it invested INR 12 crore in Conscious Chemist, a D2C beauty startup.
In November, Atomic Capital co-led a $3 million funding round for dairy startup Doodhvale Farms, along with Singularity Early Opportunities Fund.
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