Kairon Capital completes first close of maiden consumer fund
The fund, which has a target corpus of Rs 150 crore, with an additional Rs 50 crore in green shoe option, has raised 60% of the corpus in its first close.
Kairon Capital, founded by ex-Amazon executive Deepankur Malhotra, on Friday said it has raised over 60% of its target corpus for the first close of its maiden consumer-focused fund.
The new fund has a target corpus of Rs 150 crore and an additional Rs 50 crore green shoe option.
Kairon Capital’s investor base consists of a group of founders from India’s consumer ecosystem along with family offices and strategic corporate capital. Some of the investors include Rohit Chawla of Innovist, Rishubh Satiya of Plix, Saurabh Jain of Livspace, Yogesh Kabra of XYXX, and Emami Limited, among several others.
“This is a very intentional LP base,” Malhotra said. “These are people who have built, scaled, or enabled consumer businesses firsthand, along with family offices and strategic corporate capital that deeply understand brands, distribution, and scale. Their participation reflects alignment with how we want to partner with founders.”
The fund plans to back around 14-15 companies, investing across seed to early Series A rounds with cheque sizes ranging between Rs 2 crore and Rs 14 crore.
Kairon will also reserve capital from the fund for follow-on investments in portfolio winners.
“The segment we’re focused on sits between early experimentation and scaled institutional capital,”
Malhotra said. “There are many consumer businesses that have figured out what works but are still underserved when it comes to thoughtful, founder aligned capital at the right stage.”
The firm has already begun active deployment and is currently evaluating opportunities across various consumer categories. It expects to announce its initial investments in the coming months.
Edited by Megha Reddy