New fund · Professional & Local Services

Kairon Capital raises Rs 90 crore in first close of maiden fund

By Startup Enthusiast · 16 January 2026

What they do

Kairon Capital is a New Delhi-based venture capital firm that invests in early-stage consumer businesses

It raised Rs 90 crore in the first close of its maiden Rs 150 crore fund, with a greenshoe option of Rs 50 crore

The fund will back 14-15 companies at seed to early Series A stage, with cheque sizes of Rs 2-14 crore

Kairon Capital achieved the first close of its maiden consumer-focused venture capital fund in January 2026.
The fund's target corpus is Rs 150 crore (approximately $16.6 million).
It also has a greenshoe option (an option to raise additional capital) of Rs 50 crore.
The first close raised over 60% of the target corpus, which is Rs 90 crore.
The fund received SEBI regulatory clearance in November 2025 to launch and raise capital.
Kairon Capital has started deployment and is evaluating multiple consumer startups.
The first investments are expected to be announced in the coming months.

Founder Deepankur Malhotra believes many consumer businesses with product-market fit are underserved by thoughtful, founder-aligned capital.
The fund will focus on early-stage consumer businesses that have demonstrated product-market fit.
It is category-agnostic within consumer but prioritises brands with differentiated products and strong unit economics.
The fund is bullish on sub-sectors like health and wellness and home decor.

Kairon Capital is a consumer-focused venture capital firm based in New Delhi.
It invests in early-stage consumer businesses from seed to early Series A.
The fund plans to build a concentrated portfolio of 14-15 companies over four years.
Cheque sizes range from Rs 2 crore to Rs 14 crore (approximately $220,000 to $1.55 million).
It will set aside follow-on reserves for high-conviction portfolio companies.
The firm provides support in go-to-market strategy, distribution expansion, brand decisions, hiring, governance, and fundraising readiness.
It sources deals through research-led, proprietary category mapping, direct founder outreach, and operator referrals.

Kairon Capital plans to invest in 14-15 companies over four years, averaging 3-4 per year.
It will make 4-5 investments in 2026.
The fund will focus on companies with product-market fit and sustainable scale, ideally above Rs 5 crore ARR (annual recurring revenue).
It will provide follow-on reserves for high-conviction portfolio companies.
The firm aims to support founders with go-to-market strategy, distribution, brand decisions, hiring, governance, and fundraising readiness.