Raises over 60% of target corpus, focuses on early-stage consumer startups
Consumer-focused venture capital firm Kairon Capital, founded by Deepankur Malhotra, has completed the first close of its inaugural fund, marking a key milestone in its launch.
The debut fund is targeting a total corpus of ₹150 crore, with an additional ₹50 crore greenshoe option. According to the firm, more than 60% of the target corpus has already been secured in the first close.
Backed by founders, family offices and corporates
Kairon Capital’s limited partners include consumer startup founders, family offices, and strategic corporate investors. Backers feature founders from brands such as Innovist, Plix, Livspace and XYXX, along with participation from Emami Limited.
The fund aims to maintain a concentrated portfolio of around 14–15 companies, allowing for deeper involvement with founders and hands-on support through the growth journey.
Investment strategy and cheque sizes
Kairon Capital will invest from seed to early Series A stages, with initial cheque sizes ranging between ₹2 crore and ₹14 crore. The firm has also earmarked capital for follow-on investments in its portfolio companies.
While category-agnostic within the consumer space, the fund will prioritise startups that have demonstrated early product-market fit, differentiated offerings, and strong unit economics.
Founder background and next steps
Malhotra brings experience across investment banking, private equity and venture capital, and has previously backed consumer brands such as Innovist, FreshToHome, XYXX and Nat Habit. He has also worked on consumer-focused investments during his tenure at Amazon.
Kairon Capital has already begun deploying capital and is currently evaluating multiple early-stage consumer startups. The firm is expected to announce its first investments from the fund in the coming months.
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