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New fund · 5 November 2026Daksham Growth VenturesConsumer-focused venture fund
New fundCommerce & Consumer Brands

Daksham Growth Ventures closes first ₹125 Cr

By · Editor ·

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First close
  • Daksham Growth Ventures is the investing arm of wealth management group Daksham Capital, run by Shivam Diwan
  • Its first consumer fund, DGV Fund I, has closed at ₹125 crore with backing from family offices, wealthy individuals and entrepreneurs
  • The SEBI-registered fund can grow to ₹300 crore and will write ₹5-20 crore cheques into early consumer startups

What happened

  • Daksham Growth Ventures closed the first tranche of its maiden fund.
  • The fund is called DGV Fund I.
  • It raised ₹125 crore in this close.
  • The target is ₹150 crore, with an extra ₹150 crore option.
  • It is a Category II AIF registered with the market regulator.

Why it matters

  • It adds fresh money for early consumer brands.
  • Cheques of ₹5-20 crore suit pre-Series A and Series A firms.
  • Focus areas are D2C, consumer enablers, B2B2C and consumer AI.

The business

  • Daksham Growth Ventures is the growth investing platform of Daksham Capital.
  • Daksham Capital is a multi-family office and private wealth group.
  • The fund backs firms with proven product demand and sound unit economics.

The founders

Shivam Diwan

Co-Founder and Managing Partner

Who put in money

  • Family offices, HNIs and entrepreneurs Limited partners — Anchored the first close

In numbers

₹125 CrFirst close · 2026

What happens next

  • Further closes towards the ₹150 Cr target.

Words to know

AIF
Alternative Investment Fund, a pooled fund regulated by SEBI

The numbers around it

Commerce & Consumer Brands in November 2026: 7 rounds with a disclosed amount, $119 million in all; the biggest was GIVA ($100M+). Every sector this year →

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Terms in this story

  • Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at little extra cost. India also has a legal definition for scheme benefits: under ten years old, turnover under ₹200 crore, and working on innovation or a scalable model.
  • Family office: A family office is a private company that manages the wealth of one wealthy family, or a few families together. In startups, family offices invest directly and also back venture funds as limited partners. In India they are not a regulated category on their own, though the funds they invest through can be SEBI-registered AIFs.
  • SEBI: The Securities and Exchange Board of India (SEBI) is India's market regulator, set up in 1992. A startup meets it mainly through venture funds registered under the 2012 AIF rules, when it prepares an IPO, or when its product gives investment advice. A private startup raising from a few investors is first governed by the Companies Act.

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