The alternative finance company Anicut Capital said in a statement that it has closed its first-ever $36 million late-stage equity continuum fund, which will be used to invest in businesses getting ready for an initial public offering in the next two to four years. The fund is set to invest in five to six current portfolio companies.
Anicut currently oversees $36 Million across all of its funds following the fund’s closure.
In addition, Anicut Capital is seeking to raise Rs 1,200–1,500 crore for the corpus of its third credit fund. According to the company, the credit fund has so far invested Rs 400 crore in seven transactions, and by the end of the financial year, the full capital is anticipated to be used.
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Anicut has supported Indian entrepreneurs through seed, growth, and credit phases across a variety of industries. Agnikul, Blue Tokai Coffee Roasters, Giva, LendingKart, O3 Capital, Shield Healthcare, ShareChat, Sugar Cosmetics, and Wow Momo Foods are a few of the businesses in its portfolio.
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Grand Anicut Fund 1, Anicut’s first private credit fund, closed at Rs 400 crore in 2018. In 2022, its second fund closed at $118 million (about Rs 875 crore).
The company introduced its third private loan fund in March 2023. The company declared in October that it had received an investment from the HDFC Asset Management Company’s Fund of Funds totaling more than Rs 30 crore, with additional allocations anticipated in the future.
“Our third credit fund is progressing well, with significant deployments expected by June, reaffirming our dedication to market opportunities,” said IAS Balamurugan, Managing Partner & Co-founder.
About Anicut Capital
Anicut Capital LLP manages Grand Anicut Fund 1 and Fund 2, Category II Alternative Investment Debt Funds, and Grand Anicut Angel Fund, Category I Angel Fund.Collaboration with pioneers for a better future. Supporting entrepreneurs in creating game-changing businesses.
