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Rukam Capital

Venture capital

New Delhi · Seed–Series A · 7 people tracked

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Investment thesis

Rukam Capital backs early-stage consumer brands and the founders building them, emphasizing a hands-on, mission-driven and empathetic partnership rather than a purely numbers-focused approach. The firm invests across a range of consumer categories including food and beverage, personal care, beauty, wellness, cookware and home products, and consumer AI-enabled products, primarily in India. Through its two SEBI-registered AIF funds (Fund I and Fund II), Rukam supports founders across their growth journey, complementing capital with insights, reports and community resources aimed at understanding evolving Indian consumer behavior.

Source: firm website, verified Sep 27, 2026.

Stage
Seed–Series A
HQ
New Delhi, IN
Instruments
Equity
Founded
2019
Last 12 months
3 investments
Tracked investments
22

Team · 7 people

from the firm's website & public directories
Nidhi Mundhra· Director, Financein
Aditya Vikram Singh· Vice President, Investments

What they invest in

from 12 of 22 portfolio companies

Consumer ×9Direct to Consumer ×8E-commerce ×6FoodTech ×4Fintech ×2Circular Economy ×1Enterprise Software ×1Marketplaces ×1

HQs:India×11Hong Kong×1Pakistan×1

Investments · 22 tracked

founders shown can be your intro path

By year:2026 · 32025 · 12024 · 15 dated

Antinormantinorm.coinJan 2026

Antinorm is an Indian beauty brand that makes multifunctional skincare and beauty products designed to simplify daily routines.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Aparna Saxena(Founder)in

Co-investorsV3 Ventures

Becoletsbeco.com𝕏

Beco is an Indian brand selling eco-friendly household products made from bamboo and coconut, including reusable bamboo kitchen towels, tissues, wipes, and coconut-based homecare liquids such as laundry and dishwash detergents.

Circular EconomyConsumerDirect to ConsumerE-commerceMumbai, IN

Akshay Varma(Founder)inAnuj Ruia(Founder)inAdityaAditya Ruia(Founder)in

Co-investorsBetter CapitalRajul Sandeep JhaveriTanglin Venture PartnersTitan Capital

Burger Singhburgersinghonline.comin𝕏

Burger Singh (a unit of Tipping Mr Pink Pvt Ltd) is a quick-service restaurant chain that makes affordable, large burgers with Indian spices and flavours.

ConsumerFoodTech

Kabir Jeet Singh(Founder)Nitin Rana(Co-founder)Rahul Seth(Co-founder)inAjaypal Rathore(Director Finance)inAyush Kumar(Head of Operations and Supply Chain)

Co-investorsLVX VenturesSprint VcAnicut CapitalMumbai Angels

Fraganotefraganote.cominAug 2025 · $1M

Fraganote sells perfumes and fragrance gift boxes, including customisable Eau De Parfum sets bundled with smaller fragrances and accessories such as handcrafted bracelets.

ConsumerDirect to ConsumerE-commerceNew Delhi, IN

Garima Kakkar(Founder)in

Co-investorsV3 Ventures

Go DESigodesi.inMay 2024

GO DESI makes traditional Indian snacks and confectionery, including tamarind-based lollipops (Imlipop), positioned as healthier alternatives to sugary sweets for consumers such as families and children.

ConsumerDirect to ConsumerFoodTech

Co-investorsAavishkaar Venture Management Services Private LimitedRoots VenturesDSG Consumer Partners

Indusindussoft.comJun 2026 · $17M

Indus provides loan origination, management, and collections software covering the full lending life cycle across products such as auto loans, mortgages, cards, personal loans, education loans, consumer durable loans, and gold loans.

Enterprise SoftwareFintechSaaS

Co-investorsBlack Dragon CapitalDSG Consumer PartnersThe Chennai Angels

Indusinvestindus.comin

A platform presenting mutual fund and asset management company options in India, listing established fund houses such as SBI, ICICI Prudential, HDFC, and others with their track records and market data.

Fintech

Jai Goradia(Founder)in

Co-investorsBooster Innovation FundCreative HQ — The IncubatorRainmatterDSG Consumer PartnersThe Chennai Angels

Indusindus.vcin𝕏Jun 2026 · $17M

Indus.vc is an early-stage venture capital firm that backs Pakistani founders building startups across multiple sectors, often as the first investor.

Sector Agnostic

Aatif Awan(Founder)in

Co-investorsDisrupt.comDSG Consumer PartnersThe Chennai Angels

Mila Beautémilabeaute.com

Mila Beauté is a cosmetics brand selling color makeup products such as liquid and matte lipsticks, lip liners, tinted lip balms, powder and crème blushes, compacts, and primers.

ConsumerDirect to ConsumerE-commerce

Native Milknativemilk.co.in

Native Milk is a subscription-based dairy brand that produces and delivers A2 milk from its own farm of 450+ indigenous Gir cows, along with buffalo milk, to customers' doorsteps.

ConsumerDirect to ConsumerFoodTechMumbai, IN

Sleepy Owlsleepyowl.co

Sleepy Owl is an Indian direct-to-consumer coffee brand offering instant coffee, cold brew, hot brew, ground and filter coffee, along with brewing accessories and merchandise for at-home coffee drinkers.

ConsumerDirect to ConsumerFoodTech

Co-investorsDSG Consumer Partners

The Indus Valleytheindusvalley.in

The Indus Valley sells toxin-free cookware and kitchenware made from natural and food-grade materials such as cast iron, iron, tri-ply stainless steel, copper, wood, clay, brass, and bronze, along with insulated drinkware and pressure cookers.

ConsumerDirect to ConsumerE-commerce

Co-investorsDSG Consumer PartnersThe Chennai Angels

Yohohongkongyohohongkong.com

YOHO (友和) is a Hong Kong online retail platform selling consumer electronics, home appliances, and personal care products, with services including express delivery, physical stores, and a merchant/marketplace program for third-party sellers.

E-commerceMarketplacesRetail Tech

Co-investorsBeyond Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AnveyaAssemblyFood StrongKorikenOrangePilgrimSvamiWiseLifeZenZebra

Portfolio news

latest coverage across their companies
Yourstory

Burger Singh · yourstory.com · Mar 18, 2026

Frequently asked questions

How many investments has Rukam Capital made?
Rukam Capital has 22 tracked investments, including 4 dated in the last 24 months.
What stage does Rukam Capital invest at?
Rukam Capital invests at the Seed, Series A stages.
What sectors does Rukam Capital focus on?
Rukam Capital focuses on Consumer, Direct to Consumer, Fintech, FoodTech, Retail Tech, Sector Agnostic, Wellness & Fitness.
Where is Rukam Capital located?
Rukam Capital is headquartered in New Delhi, IN.
Does Rukam Capital lead rounds?
Rukam Capital has led 3 of the 8 rounds where its role is on record.
Who does Rukam Capital co-invest with?
Rukam Capital most often shares deals with V3 Ventures, Aavishkaar Venture Management Services Private Limited, Better Capital, among 12 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Archana Jahagirdar, Rukam Capital at IGF Middle East 2025: NXT FRONTIERS

India Global Forum · Archana Jahagirdar

Archana Jahagirdar of Rukam Capital Joins Ideabaaz | Bharat Ka Apna Startup Manch

Ideabaaz · Archana Jahagirdar

Startup Talk: The founder's pitch with Rukam Capital's Archana Jahagirdar

The Financial Express · Archana Jahagirdar

Rukam Capital’s Archana Jahagirdar calls for more domestic VC as funding winter lingers

Fortune India · Archana Jahagirdar

Archana Jahagirdar, Founder & Managing Partner at Rukam Capital

Startup Mahakumbh · Archana Jahagirdar

Archana Jahagirdar, Founder & Managing Partner of Rukam Capital, on #indiapodcasts at #imc2024

India Mobile Congress · Archana Jahagirdar

Images

Rukam Capital photoRukam Capital photoRukam Capital photoRukam Capital photo

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