SEBI approves Rs 1,500 crore Anicut Capital debt fund

1 Dec 2022 , 09:24 AM

Anicut Capital, a debt and equity investment company, has received approval from the market regulator Securities and Exchange Board of India (SEBI) for a debt fund of Rs1,500 crore. Grand Anicut Fund 4, the third debt fund from Anicut Capital, has a green shoe option worth Rs500 crore, the company announced on Wednesday.

The asset management firm intends to start the fund during the quarter of January through March 2023 and hopes to first close by the end of the same quarter.

Anicut Capital has successfully closed a total of five funds in a period of six years with the third debt fund, which is an AIF, Category II debt fund.

According to the company, Anicut invested over Rs550 crore in 25 equity raise rounds and 15 investments through the second debt fund in early-stage and growth-stage start-ups.

Anicut Capital has made investments in numerous start-ups in India over the past seven years, including Bira, Kaynes Technologies, Lendingkart, Wow! Momo, Milky Mist, Agnikul, and Sharechat, among others.

For feedback and suggestions, write to us at [e-mail]