Anicut Capital raises Rs 110 crore to invest in startups

Mumbai: Funding administration agency Anicut Capital on Tuesday stated it has raised Rs 110 crore to accumulate fairness stakes in startups throughout sectors. That is the primary shut for the Rs 500-crore Anicut Alternatives Fund I. The fund can be deployed to take stakes in as much as 15 progress stage corporations, as per an official assertion.

There’s a Rs 250-crore greenshoe possibility as properly for the newly began fund, it stated with out disclosing particulars of Rs 110 crore commitments.

The agency additionally introduced the appointment of Dhruv Kapoor as a accomplice who can be in command of driving progress by means of fairness investments.

The ten-year-old agency, which takes each enterprise debt and fairness bets and has a portfolio of 72 startups, stated the newly raised cash can be deployed in each its current investee corporations and new ones.

Its previous investments embody corporations like Aptus, Fivestar, Box8, Bira, Lendingkart, Wow! Momo, and Loginext.

“Our understanding is that huge compounding of returns is but to occur and we’re sitting on early fairness positions with tomorrow’s market leaders. We firmly consider that when invested, we desire to exit together with the founders,” its founding accomplice Ashvin Chadha stated.

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