Chennai-based investment firm Anicut Capital has launched its second early-stage investment vehicle, the Grand Anicut Seed Fund (GASF), with a target corpus of Rs 175 crore and an additional greenshoe option of Rs 75 crore.
According to a company statement, GASF will focus on investing in startups at the pre-Series A and Series A stages, targeting sectors such as deeptech, enterprise technology, consumer businesses, and financial services.
The fund aims to support more than 20 startups, with planned investments ranging between Rs 5 crore and Rs 8 crore per company.
Through GASF, Anicut Capital seeks to expand its early-stage investment portfolio and back emerging companies with high-growth potential.
On the launch of the new fund, Ajay Anand, Partner, Anicut Capital, said, “Our early-stage investment strategy has been validated through our previous fund, Grand Anicut Angel Fund, which is currently tracking materially ahead of relevant benchmarks and has backed several category-defining companies.”
