Deepankur Malhotra launched Kairon Capital, a consumer-focused venture capital business that has successfully closed its first fund.

With an extra Rs 50 crore greenshoe option, the fund aims to have a total corpus of Rs 150 crore. In the first close, Kairon Capital raised more than 60% of the target corpus.

Key Highlights

• Kairon Capital completes first close of its debut consumer-focused fund, raising over 60% of target.
• The VC aims to invest in early-stage consumer startups with a corpus targeting around ₹150–200 crore.

Family offices, strategic corporate investors, and consumer startup entrepreneurs make up the firm's investment base. Other supporters include Emami Limited and the founders of businesses like Innovist, Plix, Livspace, and XYXX.

Kairon Capital intends to assemble a concentrated portfolio of about 14–15 businesses. With check amounts ranging from Rs 2 crore to Rs 14 crore, it will invest from seed to early Series A stages and set aside funds for subsequent rounds.

Early-stage consumer companies that have demonstrated product-market fit will be the fund's primary focus. Kairon will give preference to brands with distinctive products and obvious unit economics, regardless of customer category.

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With prior investments in consumer businesses like Innovist, FreshToHome, XYXX, and Nat Habit, Malhotra has expertise in investment banking, private equity, and venture capital. During his tenure at Amazon, he has also worked on consumer-focused ventures.

Kairon funding is actively assessing several consumer businesses and has started to allocate funding. In the upcoming months, the company is anticipated to reveal its initial investments.