Anicut Capital raises Rs 110 crore to invest in startups

Anicut Capital, an investment management firm, announced on Tuesday that it had raised Rs 110 crore to acquire equity holdings in startups across a variety of industries. The Rs 500-crore Anicut Opportunities Fund I has reached its first closure. According to an official announcement, the fund would be used to invest in up to 15 growth stage enterprises.

It also stated there is a Rs 250-crore greenshoe option for the newly launched fund, without divulging the details of the Rs 110-crore commitments.

The firm also announced the appointment of Dhruv Kapoor as a partner who will be in charge of driving growth through equity investments.

The ten-year-old firm, which takes both venture debt and equity bets and has a portfolio of 72 startups, said the newly raised money will be deployed in both its existing investee companies and new ones.

Its past investments include companies like Aptus, Fivestar, Box8, Bira, Lendingkart, Wow! Momo, and Loginext.

“Our understanding is that massive compounding of returns is yet to happen and we are sitting on early equity positions with tomorrow’s market leaders. We firmly believe that once invested, we prefer to exit along with the founders,” its founding partner Ashvin Chadha said.

Get to know the pulses of the Indian startup ecosystem in reality by attending the “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Bengaluru Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.

The event is scheduled to be held on the 8th and 9th of June 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches, and business practitioners.

The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.

Click to know more about India’s biggest tech startup event:,to%20present%20and%20discuss%20innovation



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