TLDR:
- Anicut Capital has closed a Rs 300 crore late-stage equity continuum fund for IPO-ready startups.
- The fund will focus on 5-6 high-growth and profitable companies from Anicut’s portfolio.
Chennai-based investment firm Anicut Capital has announced the closure of their first late-stage equity continuum fund, raising Rs 300 crore. This fund is specifically designed to support high-potential startups from Anicut’s portfolio that are gearing up for an Initial Public Offering (IPO) within the next 2-4 years. The fund will concentrate on 5-6 companies that have displayed substantial growth and profitability, positioning them as strong contenders for public listing.
This move by Anicut aligns with a growing trend among venture capital firms to create funds exclusively for companies that have shown exceptional promise. As these companies expand, they require larger investments, and funds like Anicut’s continuum fund play a crucial role in maintaining ownership stakes while providing the necessary capital for further growth.
Anicut Capital intends to issue cheques ranging from Rs 50-60 crore from this new fund, which is double the typical amount provided by its growth equity funds. Currently, Rs 400 crore has already been deployed across seven deals, with the entire corpus set to be fully invested by the end of the financial year. Additionally, Anicut is also in the process of raising its third credit fund, aiming for a corpus of Rs 1,200-1,500 crore.
