Debt and fairness funding agency Anicut Capital has obtained market regulator Securities and Change Board of India (SEBI) approval for a ₹1,500-crore debt fund.
Anicut Capital’s third debt fund, Grand Anicut Fund 4, features a inexperienced shoe choice of ₹500 crore, the agency stated on Wednesday.
The asset administration firm plans to launch the fund within the January-March 2023 quarter and goals first shut by the top of the identical quarter.
“With the closure of Grand Anicut Fund 4 we’re delighted to additional strengthen our help to empower the Indian startup ecosystem. The previous years have been extremely encouraging with the closure of 5 funds over all and we’re assured that our funding portfolio firms would be the leaders of tomorrow,” Anicut Capital, Founding accomplice Ashvin Chadha stated in a press release.
With the third debt fund, which is an AIF, Class II debt fund, Anicut Capital has efficiently closed a complete of 5 funds in a span of six years.
Anicut invested upwards of ₹550 crore throughout 15 investments via the second debt fund, and in 25 fairness increase rounds throughout early stage in addition to progress stage start-ups, the agency stated.
Over the past seven years, Anicut Capital has invested in a number of start-ups in India akin to, Bira, Kaynes Applied sciences, Lendingkart, Wow! Momo, Milky Mist, Agnikul, Sharechat amongst others.
“To this point in its portfolio, Anicut holds a clutch of 34 start-ups on the debt facet and 55 on the fairness facet,” the assertion stated.
This story has been printed from a wire company feed with out modifications to the textual content.
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