Kairon Capital, founded by former Amazon executive Deepankur Malhotra, announced on Friday that it has raised over 60 percent of its target corpus for the first close of its maiden consumer-focused fund. The new fund targets a corpus of ₹150 crore and includes an additional green shoe option of ₹50 crore.
Notably, Kairon Capital has built an investor base comprising founders from India’s consumer ecosystem, along with family offices and strategic corporate capital. The investor roster includes Rohit Chawla of Innovist, Rishubh Satiya of Plix, Saurabh Jain of Livspace, Yogesh Kabra of XYXX, and Emami Limited, among others.
Commenting on the composition of the limited partner base, Malhotra said, “This is a very intentional LP base. These are people who have built, scaled, or enabled consumer businesses firsthand, along with family offices and strategic corporate capital that deeply understand brands, distribution, and scale. Their participation reflects alignment with how we want to partner with founders.”
Furthermore, the fund plans to back approximately 14–15 companies, investing from seed to early Series A stages, with cheque sizes ranging between ₹2 crore and ₹14 crore. In addition, Kairon Capital will allocate a portion of the fund toward follow-on investments in high-performing portfolio companies.
Elaborating on the firm’s investment focus, Malhotra said, “The segment we’re focused on sits between early experimentation and scaled institutional capital.” He added, “There are many consumer businesses that have figured out what works but are still underserved when it comes to thoughtful, founder-aligned capital at the right stage.”
Meanwhile, Kairon Capital has already initiated active capital deployment and is currently evaluating opportunities across multiple consumer categories. Consequently, the firm expects to announce its first set of investments in the coming months.
Kairon Capital’s strong first close underscores growing investor confidence in a focused, founder-aligned approach to building consumer businesses in India. By backing companies at the critical intersection between early validation and institutional scale, and by drawing on an LP base with deep operating and brand-building expertise, the fund positions itself to deliver both strategic value and long-term returns.
