Anicut Capital has received a commitment of Rs 75 cr from Self Reliant India

Anicut Capital announced that it has received a commitment of Rs 75 crore from the government’s Atmanirbhar Bharat Kosh for its equity fund to provide growth capital to the MSME ecosystem. The debt investment firm has also inducted Arun Thathachari as executive director.

SRI Fund is a Rs 10,000 crore Fund of Funds (FoF) launched by the Government of India to invest in Micro, Small and Medium Enterprises (MSMEs) across India, as per reported by Yourstory.

The Rs 75-crore received by Anicut Capital shall be deployed through its Rs 500-crore Grand Anicut Fund 3 launched in June last year. The fund will invest in 10-15 growth-stage companies over the next two years that focus on technology, consumer products and B2B brands.

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“Anicut has made a number of equity investments in leading companies that are doing well in the market today. The commitment from SRI Fund furthers our agenda of strengthening small and medium enterprises across India,” said Dhruv Kapoor, Partner, Anicut Capital, in a press release.

“Additionally, we are excited to welcome Arun Thathachari to our leadership team. Arun’s induction is a strategic move to propel our continued focus to scale the business and fuel our growth in the market,” he added.

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Based in Chennai, Anicut Capital has backed firms, including omnichannel brands Epigamia and Wingreens Farms, Singapore-based The Ayurveda Experience and ChargeUp, which provides battery-swapping networks.

About Anicut Capital

Anicut Capital LLP is an AMC managing 2 debts and an angel fund. The team has over a decade of experience in early-stage companies and has worked on around 140 primary investments and another 70-80 investments including subsequent follow-on rounds and has offices in Chennai, Delhi, and Bangalore. The company was founded in 2016 by Ashvin C Chadha.

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