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JIIF invests Rs 26.5 crore in Atomic Capital's Rs 350 crrore consumer-focused VC fund

  • 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.

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