Anicut Capital Secures Rs30cr Commitment From HDFC AMC's Fund of Fund
Alternative financing firm to bolster early growth investments with fresh funding
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Anicut Capital, an alternative financing firm, has strengthened its financial base with an investment commitment of over Rs 30 crore from HDFC AMC's Fund of Fund.
This investment will empower Anicut Capital to expand its footprint within the venture capital and private equity ecosystem, enabling more early-stage growth investments. The capital will be channelled through the equity fund, Grand Anicut Fund 3.
With this additional fund backing, Anicut Capital is hoping to pursue early growth investments in a diversified portfolio, spanning 12 to 14 startups.
The commitment from HDFC AMC's Select AIF FOF-I further strengthens Anicut Capital's position in the alternative financing landscape.
Anicut Equity Fund, in which Anicut Capital has already secured Rs 320 crore, stands to drive this initiative forward, building strong partnerships with prominent entities like SIDBI and SRI.
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