Early-stage VC Atomic Capital closes ₹400 cr debut fund, targets 10-12 consumer investments
Atomic plans to build a portfolio of 10-12 companies, reserving a portion for follow-on investments.
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Mumbai-based early-stage venture capital firm Atomic Capital has closed its maiden fund with a corpus of over ₹400 crore. The firm plans to invest across consumer, consumer-tech, and consumer-enabler start-ups with cheque sizes of ₹10-30 crore.
Atomic plans to build a portfolio of 10-12 companies, reserving a portion for follow-on investments. The fund targets pre-Series A to Series A stage businesses that have achieved product-market fit.
The fund reached its first close at ₹155 crore in 2024 before securing commitments for the remaining amount. Over the past 12 months, Atomic has already deployed ₹50 crore across four start-ups: ConsciousChemist, Doodhvale Farms, Rio Beverages, and Anny.
“Our investment focus is on capital-efficient businesses addressing large markets,” said Apoorv Gautam, Founder and Managing Partner. “Investment decisions are driven by strong founding teams, clear revenue momentum, and disciplined capital efficiency.”
The firm plans to deploy initial and follow-on capital over the next 2-3 years within an eight-year fund timeline. Atomic is currently evaluating over 20 companies and has issued a term sheet for its fifth investment.
Published on August 12, 2025
