Founded by Harsh Kapadia, Atom XVII will focus on backing founders from the pre-seed to Series A stages, targeting high-growth consumer sectors and markets beyond Tier-1 cities.

Investment fund Atom XVII plans to deploy a Rs 75 crore corpus in consumer segment-focused startups in India over the next two and a half years, a top official of the fund said on Wednesday.

The fund is structured with an eight-year tenure from the first close, which is expected in July.

"Given the quality of opportunities we are seeing, we expect to deploy the fund within 2.5 years. The fund is structured with an eight-year tenure from first close, allowing us to partner with founders over the long term while creating meaningful value for our investors," Atom XVII founder Harsh Kapadia said in a statement.

Kapadia said that the fund is working towards its first close by the end of July 2026, with soft commitments of Rs 40 crore already secured.

The fund will be anchored by Safari Commercials Pvt Ltd and counts Mohit Mutreja of the Alphagrep Group among its notable limited partners, alongside other marquee investors.

"Atom XVII's investment thesis is centred on India's consumer sector, with a focus on backing founders across the pre-seed to Series A spectrum. The fund intends to build a portfolio of 13 to 15 companies, investing at an average ticket size of Rs 3 crore per deal," the statement said.

The fund will invest across high-trending consumer segments, with a deliberate focus on markets beyond Tier-1 cities — a segment the team believes is significantly underserved by organised early-stage capital, it said.

Published on June 18, 2026