Start-ups that meet the investment criteria will have the opportunity to secure funds through the Alternative Investment Fund
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Siva
Chennai-based alternative asset management company Anicut Capital has partnered with angel investment network The Chennai Angels to strengthen early-stage start-up investing in India. Under the partnership, start-ups that meet the investment criteria will have the opportunity to secure funds through the Alternative Investment Fund (AIF).The AIF will be backed by Anicut’s recently launched Grand Anicut Seed Fund (GASF) with a target corpus of ₹175 crore. “This structure enables investments to be reflected as a single investor on the start-up’s cap table, simplifying equity management and enhancing efficiency for future fundraising and governance,” Anicut Capital said in a media release. “Tamil Nadu’s legacy as a manufacturing powerhouse is now being complemented by a new wave of product-led and SaaS-first companies emerging from the State. These are precisely the segments where Anicut has built deep conviction. Through this partnership, founders gain not just access to capital, but the combined strategic value that Anicut and The Chennai Angels bring to the table,” Ajay Anand, Partner, Anicut Capital said.“At The Chennai Angels, we have always believed that backing founders goes beyond providing capital — we work closely with them to help them succeed. As a founder-first organisation, we are delighted to partner with Anicut Capital to create a more structured and seamless investment pathway for funding start-ups,” Mahalingam K, Head of the Executive Committee, The Chennai Angels.Published on August 3, 2026
