[Funding alert] Anicut Capital raises Rs 140 crore for second debt fund from SIDBI

Chennai-based investment firm Anicut Capital has secured Rs 140 crore ($18.6 million) for its second debt vehicle from Small Industries Development Bank of India (SIDBI).

Indian alternative investment firm Anicut Capital was founded by Ashvin Chadha & Balamurugan IAS in 2016. Anicut Capital LLP is the Investment Manager to Grand Anicut Fund 1 and Fund 2, Category II Alternative Investment Debt Funds and Grand Anicut Angel Fund, a Category I Angel Fund.

"We are committed to encouraging every aspiring idea and businesses in India that have the potential to self-sustain itself and generate more opportunities and employment within the communities it operates in," IAS Balamurugan, co-founder and Managing Partner of Anicut Capital, said.

Anicut Capital an Indian investment firm which manages alternative assets. The fund represents its investors investment objectives. Grand Anicut Fund (GAF) has two schemes, with an Asset Under Management (AUM) of Rs.1600 crores, through which it offers a range of financial solutions to institutions in the form of Debt and Equity. The fund focusses on investing in Indian opportunities with a defined exit in sectors other than infrastructure, real estate and media.