India, Nov. 5 -- Multi-family office and wealth management group Daksham Capital has launched its maiden consumer-focused fund, Daksham Growth Ventures (DGV) Fund I, with a target corpus of Rs.150 Cr and a Rs.150 Cr greenshoe option.

The fund has secured around Rs.125 Cr in its first close, following its registration as a SEBI Category II AIF last month.

Family offices, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and entrepreneurs participated in the first close. The fund will continue raising capital towards its target, including the greenshoe option.

Led by cofounder and managing partner Shivam Diwan, DGV plans to invest in 10-15 startups, with cheques ranging from Rs.5 Cr to Rs.20 Cr. It will primari...