Daksham Growth Ventures marks first close of debut consumer fund
The fund, registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF), has a target corpus of Rs 150 crore.
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The fund, registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF), has a target corpus of Rs 150 crore.
The approval follows Navi’s announcement in August 2026 that it had raised $100 million from Prosus in its first institutional funding round.
Weh Ventures, which marked the first close of its third fund, plans to step up investments in robotics; and is currently looking at three broad themes spanning AI, deep tech and consumer brands.
Z47's fintech portfolio has seen mixed outcomes, with some companies struggling for traction, reflecting the ecosystem's "middle journey" as described in its report.
Chiratae Ventures' exit from PB Fintech is only one of a handful of full or partial exits from its fintech portfolio, fewer than those executed by other VC firms.
It has also raised its hard cap to Rs 3,500 crore following strong investor demand.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
The round also saw participation from Razorpay and Wyser Capital.
Turtlemint remains the only fintech investment that Blume Ventures has taken from seed to the public markets. But it is not the only bet from which the VC has generated liquidity.
Total expenses of the company increased 25% to Rs 555.7 cr.ore during the quarter
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
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