Chennai-based Anicut Capital to invest in 20 startups with ₹175-crore fund
Chennai-based Anicut Capital has launched its second early-stage investment fund, the Grand Anicut Seed Fund, with a target corpus of ₹175 crore. The fund aims to support over 20 startups across sectors like deep-tech, enterprise-tech, consumer goods, and financial services.
Why it matters
The fund provides critical capital for early-stage Indian startups, signaling continued investor confidence in the domestic deep-tech and enterprise-tech ecosystem.
Chennai-headquartered Anicut Capital, an alternative asset management company managing multiple Alternative Investment Funds (AIFs) across both debt and equity strategies, has launched Grand Anicut Seed Fund (GASF) with a target corpus of ₹175 crore and a greenshoe option of ₹75 crore. This is Anicut’s second fund for early-stage investments. The fund is set to focus on Pre-e to Series A investments across deep-tech, enterprise-tech, consumer, and financial services startups.
“We have been investing in early-stage equity since 2021 through our first fund, which was an angel fund. Through that fund, we built a portfolio across these four sectors. The strategy worked well for us, and we have developed a strong investment playbook for these sectors that has been time-tested and validated. It has also generated strong returns,” Ajay Anand, partner, Anicut Capital, told The Hindu .
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