Venture Intelligence (TSJ Media Pvt. Ltd.)
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Anicut Capital closes second debt fund with Rs.875-Cr
Alternative assets firm Anicut Capital has raised INR 140 crore from the Small Industries Development Bank of India (SIDBI) for its second debt fund - Grand Anicut Fund 2 (GAF 2) – which closed recently with INR 875 crore. GAF-2 has invested across over 15 growth and early-stage startups with an average deal size of INR 15-100 crore. It has already invested upwards of INR 580 crore, and portfolio companies include startups like Wow Momos, ASG Eye Care Hospital, Akna Medical (acquired by Pharmeasy), B9 Beverages (Bira), Azure Hospitality, Kissflow and Wingreens. The fund plans to invest in more than 30 early and growth-stage companies across consumer brands, technology, F&B and fintech, under categories of acquisition financing, promoter/buyback financing, growth capital and capital restructuring.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.