Anicut Capital Closes $36 Million Fund

Anicut Capital Closes $36 Million Fund

By Staff Writer, 17 July 2024

Anicut Capital has successfully closed its first-ever late-stage equity continuum fund, raising $36 million. This fund aims to support businesses preparing for an initial public offering (IPO) within the next two to four years and plans to invest in five to six of its existing portfolio companies. With this new fund, Anicut Capital now manages a total of $36 million across all its funds.

In addition, Anicut Capital is actively working to raise Rs 1,200-1,500 crore for its third credit fund. The company reports that this fund has already invested Rs 400 crore in seven transactions and expects the entire capital to be fully deployed by the end of the financial year.

Anicut Capital has been a significant supporter of Indian entrepreneurs, providing seed, growth, and credit phase funding across various industries. Its diverse portfolio includes companies such as Agnikul, Blue Tokai Coffee Roasters, Giva, LendingKart, O3 Capital, Shield Healthcare, ShareChat, Sugar Cosmetics, and Wow Momo Foods.

Source: Startup Rise

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