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Anicut Capital launches Rs.175-Cr seed fund
Chennai-based Anicut Capital has launched its second early-stage investment vehicle, the Grand Anicut Seed Fund, with a target corpus of INR 175 crore. The capital raise is primarily directed at domestic family offices and high net-worth individuals, with additional participation sought from institutional investors.The fund, which is a SEBI-registered Category I vehicle, aims to support more than 20 startups across the deeptech, enterprise tech, consumer, and financial services sectors. Anicut Capital intends to provide initial investments ranging from INR 5 crore to INR 8 crore.The firm plans to deploy 70% of the corpus into new investments and reserve 30% for follow-on rounds over a three-year period.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.