Chennai-based Anicut Capital aims for 7500 Cr AUM to support Startups

Chennai-based Anicut Capital aims for Rs. 7500 Cr AUM to support Startups
Anicut Capital, a Chennai-based investment firm is in the final edges of upraising fresh funds to deploy for startups when the perfect opportunities exists. It aims to elevate its AUM – Asset under management to 7500 crore in the financial year 2025 from about 4,500 crore now. 
In Tamil ‘Anicut’ means ‘Dam’. The name signifies that like the system that saves & supplies the water when it is required, the multi-asset financial firm desires to secure the funds exponentially & distribute the capital when the startups requires.
The dynamic projection of increasing its asset under management (AUM) to 7,500 crore in FY25 from the current AUM around 4,500 crore by the company arises at the time of the startup ecosystem of India is facing the supposed Funding Winter.
According to the Resaerch report, the funding rate of startup in India saw a 53 percent when it is compared to the investments in the year 2022. Though the financial services venture considers there are sufficient growth opportunities in startups & it is eager to support the yound ventures across the diverse segments. Currently, the company infuses in a wide range of sectors including fintech, logistics, SaaS & D2C. 
On this regard, the Chief Financial Officer of Anicut Capital, Veenu Mittal, says, “We typically fund about seven to eight transactions a year in the private credit space and this will continue to happen. In the startup segment, we will continue to invest in 15-20 ventures on an annual basis.”
The company aims to close the third funding about 1,300 crore to 1,350 crore & has already upraised 50 percent of the funding capital. Into the startup category, the company will remain to invest according to the annual basis.