Investment firm Atomic Capital completes closing of initial venture capital fund, secures key institutional investors
In the dynamic world of venture capital, Atomic Capital has made a significant stride by reaching the final close of its fund, surpassing its initial target. The Africa-focused firm, which registered its first investment vehicle with the Securities and Exchange Board of India in March 2024, has successfully raised ₹400 crore[1][2][3][5].
This fund, with an eight-year investment horizon, focuses on early growth-stage consumer, consumer-tech, and consumer-enabler startups. Atomic Capital aims to invest in 10–12 companies, with initial cheque sizes of ₹10–30 crore, reserving capital for follow-on rounds[1][2][3]. Since the first close in 2024, Atomic Capital has already invested around ₹50 crore across four startups[1][2]. The fund emphasizes sustainable, capital-efficient growth[1].
Meanwhile, in the real estate sector, HDFC Capital has secured IFC as an anchor Limited Partner (LP) for a $1-billion fund[4]. On the other hand, 247VC is close to reaching the first close of its maiden fund and is actively reaching out to key Limited Partners[6].
Elsewhere, STOA Infra and Energy, another Africa-focused company, is planning to onboard a key Limited Partner (LP) for Fund II[1][3]. Simultaneously, BlackSoil has expanded its global footprint by launching a Southeast Asia-focused credit fund[1].
Atomic Capital, known for its investments in startups like ANNY, Doodhvale Farms, and Conscious Chemist[3], is set to continue its growth trajectory, contributing to the vibrant startup ecosystem in the region.
References: 1. Atomic Capital reaches ₹400 crore final close for venture capital fund 2. Atomic Capital invests ₹50 crore across four startups since first close 3. Atomic Capital's focus, strategy, and investments 4. HDFC Capital secures IFC as anchor LP for $1-billion real estate fund 5. Atomic Capital surpasses initial target in final close of fund 6. 247VC close to first close of maiden fund, reaches out to key LPs
This fund, Atomic Capital's venture capital fund, has successfully raised ₹400 crore and aims to invest in 10-12 companies in the consumer, consumer-tech, and consumer-enabler startup sectors, with initial cheque sizes of ₹10-30 crore, while focusing on sustainable, capital-efficient growth. Atomic Capital, known for its investments in startups like ANNY, Doodhvale Farms, and Conscious Chemist, continues to build on its growth trajectory in the vibrant startup ecosystem.
