Anicut Capital gains 
300 crore Fund to equip 6 Startups for IPO in 2-3 years
Multi-resource alternative investment venture company Anicut Capital on Friday declared the conclusion of its late-stage equity continuum fund of 
300 crore.
300 crore.
The organization said the fund will back five-six startups planning for Initial public offering in the following two to four years. The most recent fund has taken the organization’s assets under administration (AUM) to over Rs 3,000 crore. The Rs 300 crore store size incorporates Rs 100 crore of green-shoe choice.
The company, which was founded in 2015, manages six funds, including three equity funds and three debt funds. Anicut Capital said it is raising its third acknowledge fund for a targeted corpus of Rs 1,200-1,500 crore.
It has invested 400 crore in seven deals thus far, and it is likely that the entire fund will be utilized by the end of the fiscal year.
400 crore in seven deals thus far, and it is likely that the entire fund will be utilized by the end of the fiscal year.
Anicut’s Angel fund began in January 2020 has put over Rs 275 crore in more than 60 early and development stage new companies while its Value Development fund, began in 2023, has raised over Rs 350 crore and put resources into 10 pre-series A/B startups.
Talking to this fund closure, Ashvin Chaddha, Managing Partner and Co-founder, Anicut Capital said, “The swift closure (of fund) within eight weeks, bolstered by a substantial INR 60 crore investment from HDFC AMC, underscores strong investor confidence. Anicut Capital’s closure of the Anicut Equity Continuum Fund marks a significant milestone in our mission to support high-potential companies on their path to IPO.”
Similarly, IAS Balamurugan, Managing Partner & Co-founder, Anicut Capital says, ‘Our third credit fund is progressing well, with significant deployments expected by June, reaffirming our dedication to market opportunities. Expanding on private credit and early-stage innovation, we’ve launched three active fund structures in GIFT City and demonstrated strong investment execution with $100 million deployed in the first half of 2024”.
