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Anicut Capital Raises Rs 110 Crore To Invest In Startups

Jun 07, 2022•over 3 years ago

Amount Raised

₹1.1 Billion

Mumbai

Description

Mumbai: Investment management firm Anicut Capital on Tuesday said it has raised Rs 110 crore to acquire equity stakes in startups across sectors. This is the first close for the Rs 500-crore Anicut Opportunities Fund I. The fund will be deployed to take stakes in up to 15 growth stage companies, as per an official statement.

Company Information

Company

Anicut Capital

Location

Mumbai, Maharashtra, India

About

The firm also announced the appointment of Dhruv Kapoor as a partner who will be in charge of driving growth through equity investments. The ten-year-old firm, which takes both venture debt and equity bets and has a portfolio of 72 startups, said the newly raised money will be deployed in both its existing investee companies and new ones. Investment management firm Anicut Capital on Tuesday said it has raised Rs 110 crore to acquire equity stakes in startups across sectors.