Anicut Capital Closes Late-stage Equity Continuum Rs 300 Cr Fund For IPO-ready Startups
Anicut is also in the process of raising its third credit fund, targeting a corpus of Rs 1,200-1,500 crore, as per media reports
Chennai-based multi-asset investment firm Anicut Capital has closed its first late-stage equity continuum fund, raising Rs 300 crore. The fund is designed to support high-potential companies from Anicut’s portfolio that are preparing for an Initial Public Offering (IPO) within the next 2-4 years, according to media reports.
This new fund will focus on 5-6 companies that have shown significant growth and profitability, making them strong candidates for public listing. The launch of the fund aligns with a broader trend of venture capital firms creating winners-only funds to re-invest in their most successful portfolio companies. As these companies expand, they require larger investments, and funds like Anicut’s continuum fund help maintain ownership stakes while providing the necessary capital for further growth.
Anicut Capital plans to issue cheques of Rs 50-60 crore from the new fund, doubling the typical amount provided by its growth equity funds. Currently, Rs 400 crore has been deployed across seven deals, with the entire corpus expected to be fully deployed by the end of the financial year, media reports reveal.
Anicut is also in the process of raising its third credit fund, targeting a corpus of Rs 1,200-1,500 crore, as per media reports.
