<ul data-eligibleForWebStory="true">Members of JITO Incubation and Innovation Foundation (JIIF) have invested Rs 26.5 crore in Atomic Capital's Rs 350 crore consumer-focused VC fund.Atomic Capital, founded in 2024 and based in Mumbai, is an “Operating VC” providing capital and hands-on support for brand-building and growth.JIIF's investment signifies optimism in the digitally savvy non-metro consumer market in India.The model of Atomic Capital aims to help consumer startups evolve into enduring brands.Chairman of JIIF, Jeenendra Bhandari, views the investment as aligned with supporting startups shaping Indian consumption.The consumer sector in India is rapidly transforming with Tier II and III cities driving growth for D2C brands.Atomic Capital's first fund comes at a time when there is growing interest in capital-efficient growth for Indian entrepreneurs.JIIF has been expanding its presence in India's startup ecosystem, deploying over Rs 60 crore in various sectors in FY 2024-25.