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Mumbai-based early-stage venture capital fund Atomic Capital has announced the final close of its first fund at Rs 400 crore.
The fund will focus on Indian consumer, consumer-tech, and consumer-enabler startups with a target portfolio capacity of 10 to 12 companies. It will invest in startups looking for pre-series A to series A funding rounds that have achieved a product-market fit. Pre-series A and series A funding happens after a startup proves a product-market fit for its offering and gains some traction in the seed stage.
The average first cheque…
