Now Reading: Anicut Capital launches ₹175-crore seed fund for 20 startups
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Anicut Capital launches ₹175-crore seed fund for 20 startups
Chennai-based Anicut Capital has launched Grand Anicut Seed Fund (GASF) with a target corpus of ₹175 crore and a greenshoe option of ₹75 crore. The fund will invest in over 20 startups…
The Story in Brief
Chennai-based Anicut Capital has launched Grand Anicut Seed Fund (GASF) with a target corpus of ₹175 crore and a greenshoe option of ₹75 crore. The fund will invest in over 20 startups at pre-Series A and Series A stages, with ticket sizes between ₹5 crore and ₹8 crore. GASF focuses on deep-tech, enterprise-tech, consumer, and financial services startups.
Anicut has already deployed capital in three deals it is leading. The fund is also targeting a first close soon, with a mix of institutional investors, HNIs, and family offices. The firm’s first early-stage fund, Grand Anicut Angel Fund, made 68 investments since 2021, including in Agnikul Cosmos and Blue Tokai Coffee Roasters, and generated 10x portfolio revenue growth.
The Indian Opinion
For all the talk about a funding winter, a domestic alternative asset manager is putting ₹175 crore to work in early-stage bets. The narrative that only global giants back Indian startups ignores homegrown firms like Anicut, which have built a track record: its first angel fund saw portfolio companies raise ₹6,000 crore in follow-on capital. The real test is whether this new fund can repeat that success across deep-tech and enterprise sectors, not just consumer brands.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
