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Theia Ventures announces first close of maiden fund at $30 Mn

EntrackrEntrackr · 3m ago
Theia Ventures announces first close of maiden fund at $30 Mn
Medial

Theia Ventures announces first close of maiden fund at $30 Mn Venture capital firm Theia Ventures has announced the first close of its maiden fund, securing $30 million (approx Rs 266.2 crore) toward its $30 million target. Theia will focus its Fund I investments on deeptech, energy transition, and decarbonisation, backing startups in areas like green mobility, sustainable materials, battery technologies, clean logistics, and industrial decarbonisation. To date, the firm has already locked in commitments exceeding 50% of the target. It is structured as a Category II Alternative Investment Fund (AIF) under SEBI regulations. Theia’s founders have also brought in British International Investment (BII) as an anchor investor, along with support from other global investors such as Allocator One (Germany), Cisco Foundation (US), and Vitality Capital Partners (Australia). Domestically, family offices and industrial groups including Anand Mahindra, Thermax’s Meher Pudumjee, JM Financial, Vimson Group, and Shivanand Salgaocar Group are backing Theia. The fund plans to make 18–20 early-stage investments, with individual cheque sizes typically between $500,000 to $1 million, and reserve roughly 50% of capital for follow-on rounds. Theia has already deployed capital in Sarla Aviation (aerospace) and Climitra Carbon (industrial biochar). It has also committed investments in startups working on precision fermentation and AI-based energy modeling. The final close is expected by the end of fiscal year 2026 (FY26).

Kairon Capital completes first close of maiden consumer fund

EntrackrEntrackr · 1d ago
Kairon Capital completes first close of maiden consumer fund
Medial

Kairon Capital, a consumer-focused venture capital firm founded by Deepankur Malhotra, has completed the first close of its inaugural fund. The fund is targeting a total corpus of Rs 150 crore, with an additional Rs 50 crore greenshoe option. Kairon Capital has raised over 60% of the target corpus in the first close. The firm’s investor base includes consumer startup founders, family offices, and strategic corporate investors. Other backers include founders from companies such as Innovist, Plix, Livspace, and XYXX, along with Emami Limited. Kairon Capital plans to build a concentrated portfolio of around 14–15 companies. It will invest from seed to early Series A stages, with cheque sizes ranging from Rs 2 crore to Rs 14 crore, and will reserve capital for follow-on rounds. The fund will focus on early-stage consumer businesses that have shown product-market fit. While category-agnostic within consumer, Kairon will prioritise brands with differentiated products and clear unit economics. Malhotra brings experience across investment banking, private equity, and venture capital, with past investments in consumer companies such as Innovist, FreshToHome, XYXX, and Nat Habit. He has also worked on consumer-focused investments during his time at Amazon. Kairon Capital has begun deploying capital and is currently evaluating multiple consumer startups. The firm is expected to announce its first investments in the coming months.

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