Chennai-based Anicut Capital to invest in 20 startups with ₹175-crore fund

Chennai-based Anicut Capital, an alternative asset management company, has launched the Grand Anicut Seed Fund (GASF) with a target corpus of ₹175 crore and a greenshoe option of ₹75 crore. The fund will focus on Pre-e to Series A investments across deep-tech, enterprise-tech, consumer, and financial services startups, with a plan to invest in over 20 startups with ticket sizes ranging from ₹5 crore to ₹8 crore.

The fund is targeting a first close soon and plans to build on its proven strategy by partnering with exceptional founders in their 0-to-1 journey, providing both capital and strategic support as they create next-generation categories and build enduring, market-leading businesses.

Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.