Anicut Capital

Anicut Capital is a venture capital investment firm established in 2016 and based in Chennai, India. Founded by seasoned professionals with extensive experience in commercial, private, and investment banking, the firm focuses on providing growth equity investments. Anicut Capital targets sectors such as consumer internet, direct-to-consumer brands, business-to-business services, and software-as-a-service. The firm's expertise in finance and investment positions it to effectively identify and support promising companies in these industries.

Ajay Anand

Partner

Ilayaarunachalam Balamurugan

Co-Founder, Managing Partner and Member of Investment Committee

IAS Balamurugan

Managing Partner

Adithya Bharadwaj

Vice President, Growth Equity

Dhruv Kapoor

Partner, Growth Equity

Veenu Mittal

CFO

Harsh Mohan

Associate, Seed Fund

Ankita Poddar

Senior Associate, Private Credit

Dhruv Ranjan

Associate Vice President, Seed Fund

I A S Balamurugan

Co-Founder and Managing Partner

A. Jayaseelan

Partner, Private Credit

Past deals in India

XYXX Apparels

Series C in 2023
XYXX Apparels is a retail and fashion company that offers clothing and accessories for men. It makes life interesting via functional and refreshing products with quirky designs. The company was founded in 2016 and is headquartered in Surat, India.

UzhavarBumi

Venture Round in 2023
UzhavarBumi Agro Products Pvt Ltd, established in July 2017 and headquartered in Chennai, India, specializes in fresh dairy products. The company aims to facilitate direct trade between local farmers and consumers, ensuring that customers receive fresh, uncontaminated, and chemical-free products. UzhavarBumi offers a range of items, including cow milk, cow ghee, eggs, and natural honey. Over the years, it has emerged as one of the leading brands in Tamil Nadu's fresh dairy market, emphasizing quality and sustainability in its offerings.

SatSure

Series A in 2023
SatSure is an innovative decision analytics company that leverages advances in satellites, machine learning, and big data analytics to help solve problems at the nexus of sustainability of food, water, and energy security.

Uravu Labs

Seed Round in 2022
Uravu plans to develop fresh ideas for making human life sustainable and our communities responsive and resilient. In order to build a sustainable and better future for everyone, the company believes that the "water" industry is ripe for innovation and needs ground-breaking innovations. High-quality drinking water may be produced using Uravu's award-winning, 100% renewable water technology, which uses the atmosphere's limitless moisture and solely renewable energy. Uravu was established in 2017 in Bangalore, Karnataka.

Lemme Be

Seed Round in 2022
Lemme Be sells organic cotton sanitary items that are eco-friendly.

Kytchens

Seed Round in 2022
Kytchens is a full-stack "Kitchen as a Service" platform that empowers F&B brands to expand their footprint across the country.

Neemans

Series B in 2022
Neeman's is a sustainable footwear brand in India that specializes in creating comfortable shoes for men and women using natural materials. The company focuses on utilizing organic and renewable Australian Merino wool, which enhances the footwear's functionality by evaporating sweat and moisture rather than absorbing it. This innovative approach results in lightweight, breathable shoes that provide a sock-free and temperature-regulating experience, making them suitable for all-day wear and various seasons. Neeman's aims to redefine the shoe industry by prioritizing comfort and sustainability in its product offerings.

SUGAR Cosmetics

Series D in 2022
SUGAR Cosmetics is a Mumbai-based company that manufactures and retails a diverse range of color cosmetics. Founded in 2012, it offers products including lipsticks, eyeliners, foundations, face palettes, blushes, bronzers, highlighters, and primers, as well as nail lacquers and cleansing products. The brand is recognized for its cruelty-free approach and has gained popularity among millennials, becoming one of the fastest-growing premium beauty brands in India. SUGAR Cosmetics is known for its unique packaging and appealing product offerings, catering to bold, independent women. The products are crafted in advanced facilities located in Germany, Italy, the USA, and Korea, and are available through retail stores and online platforms, allowing the brand to reach customers worldwide.

MasterChow

Seed Round in 2022
MasterChow is a ready-to-cook Asian cuisine brand that specializes in providing premium pantry staples such as noodles, sauces, and condiments. The company aims to enhance home cooking by offering a variety of flavored sauces like holy basil, chili and garlic, hot and spicy, and black bean and garlic. These products are designed to simplify meal preparation, allowing consumers to create delicious, restaurant-style dishes at home with ease. MasterChow's offerings include not only individual items but also hampers that bundle these essentials together, complete with step-by-step instructions for making scrumptious family dinners.

Earth Rhythm

Series A in 2022
Earth Rhythm is a personal care D2C brand that offers professional-grade products in haircare, skincare, and makeup lines. India's 1st homegrown brand that invests in independent clinical trials and research. Earth Rhythm believes in smart and Safe skincare. The products we use should work and be good for our skin and earth, no exceptions. Each of our formulas are created in house by trained Cosmetic Chemists and are made to be effective , safe and backed by cited scientific research.

Snapmint

Series A in 2022
Snapmint is an online shopping platform based in Mumbai, India, that facilitates purchasing in installments without the need for credit cards. Founded in 2015, the company streamlines the buying process through a simple five-minute online application, allowing customers to access no-cost EMI plans. Snapmint offers a diverse range of products, including mobile phones, electronics, appliances, and fashion items, enabling consumers to afford their desired purchases through flexible and manageable installment payments while eliminating the complexities associated with traditional loan applications.

ChargeUp

Seed Round in 2022
ChargeUp operates a battery swapping network designed to address the challenges of long electric vehicle charging times and associated costs. By providing an affordable solution, ChargeUp enables a growing community of approximately 2.4 million e-rickshaws to enhance their operational efficiency and revenue potential. The company’s platform focuses on delivering proprietary battery technology and a battery-as-a-service model, which allows e-rickshaw owners to access lithium batteries through strategically placed swapping stations. This innovative approach not only alleviates the inconvenience of charging but also supports the electric mobility sector by promoting sustainable transportation options.

Neemans

Series A in 2021
Neeman's is a sustainable footwear brand in India that specializes in creating comfortable shoes for men and women using natural materials. The company focuses on utilizing organic and renewable Australian Merino wool, which enhances the footwear's functionality by evaporating sweat and moisture rather than absorbing it. This innovative approach results in lightweight, breathable shoes that provide a sock-free and temperature-regulating experience, making them suitable for all-day wear and various seasons. Neeman's aims to redefine the shoe industry by prioritizing comfort and sustainability in its product offerings.

Grip Invest

Seed Round in 2020
Grip is a SEBI regulated investment platform that allows retail investors to make small-ticket investments. Grip helps you #GoBeyond inflation, low returns & volatility through an investment discovery platform. Grip lists curated investment leasing opportunities on its platform. Investors browse through the active assets to review financial details, terms, and return expectations and identify the right investment opportunity, investors choose the investment amount and confirm their interest, investors make an online transfer of the committed amount.

Wow! Momo

Debt Financing in 2020
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.

Blue Tokai Coffee Roasters

Funding Round in 2020
Blue Tokai Coffee Roasters provides an online marketplace specifically to sell roasted coffee. Blue Tokai Coffee Roasters operates as a specialty coffee e-tailer for sourcing single-estate Arabica coffee beans from Indian coffee estates, burns them on an order basis, and delivers directly to customers, allowing customers to order online or visit their particular retail stores. Blue Tokai focuses on sourcing coffee beans from specific regions or estates, highlighting the unique flavor profiles of each coffee origin. They offer a variety of single-origin coffees, including beans from Karnataka, Tamil Nadu, and other coffee-growing regions in India. In addition to selling coffee beans online, Blue Tokai operates cafes in select cities across India. These cafes serve a variety of coffee beverages and provide a space for customers to enjoy freshly brewed coffee.

Neemans

Seed Round in 2020
Neeman's is a sustainable footwear brand in India that specializes in creating comfortable shoes for men and women using natural materials. The company focuses on utilizing organic and renewable Australian Merino wool, which enhances the footwear's functionality by evaporating sweat and moisture rather than absorbing it. This innovative approach results in lightweight, breathable shoes that provide a sock-free and temperature-regulating experience, making them suitable for all-day wear and various seasons. Neeman's aims to redefine the shoe industry by prioritizing comfort and sustainability in its product offerings.

Bira 91

Series B in 2019
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

Astrogate Labs

Seed Round in 2019
Astrogate Labs is a space-technology startup. Astrogate Labs provides high-quality products related to space infrastructure. They use laser communication technologies intended to withstand the severe environment of space applications; they provide high-speed communications for small satellites.

Clairco

Seed Round in 2019
Clairco provides enhanced air purification and real-time insights for breathable air indoors. They help businesses ensure clean air in an affordable and measurable way by adding air purification in existing AC systems. They offer a filter technology for up to MERV-13 filtration with a low-pressure drop, monitor PM2.5, PM10, CO2, VOC, and other air quality parameters, and maintain optimal health of air filters and purifiers in any season.

Bira 91

Debt Financing in 2019
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

Bira 91

Series B in 2019
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

Agnikul

Seed Round in 2019
Agnikul Cosmos Private Limited, founded in 2017 and based in Chennai, India, is a space technology startup specializing in the design, manufacture, testing, and launch of orbital-class rockets tailored for micro and nanosatellites. The company operates from the National Center for Combustion R&D at IIT-Madras, where a diverse team of rocket scientists, engineers, ex-bankers, and space lawyers collaborates to advance their capabilities. Agnikul's launch vehicles are mobile and can be deployed from various launch ports, utilizing kerosene as fuel. They are engineered to reach both low and high-inclination orbits, providing businesses with on-demand access to space at competitive prices.

Snapmint

Seed Round in 2018
Snapmint is an online shopping platform based in Mumbai, India, that facilitates purchasing in installments without the need for credit cards. Founded in 2015, the company streamlines the buying process through a simple five-minute online application, allowing customers to access no-cost EMI plans. Snapmint offers a diverse range of products, including mobile phones, electronics, appliances, and fashion items, enabling consumers to afford their desired purchases through flexible and manageable installment payments while eliminating the complexities associated with traditional loan applications.

Yaantra

Debt Financing in 2018
Yaantra tenders mobile repair, refurbished and unboxed services for all branded mobile phones in Delhi, Gurgaon, Ghaziabad, Faridabad, Noida, Bangalore and Mumbai. The company provides quality repairing, quality assured refurb and unbox smart phones at best possible prices.

PopiCorn

Debt Financing in 2018
PopiCorn is a ready-to-eat popcorn brand that has 6 different flavors. The company upgraded its production to a full-fledged factory as the demand increased manifold, making the brand grow exponentially. Popicorn aims to contribute to a proud legacy that India has and makes more and more people fall in love with this delicious, low calorie, easy access snack.

Navia Life Care

Seed Round in 2018
Navia Life Care is a health technology company focused on enhancing patient care through innovative digital solutions. It offers a health management platform that includes customized mobile applications for patient monitoring, engagement, and compliance. By simplifying the management of health information, Navia Life Care enables users to effectively oversee their health and wellness. The company aims to provide convenient tools that facilitate better health management for both patients and healthcare providers, ultimately improving the overall healthcare experience.

Aereo

Seed Round in 2018
Aereo, established in 2013 in Bangalore, India, is a leading homegrown drone manufacturing and solutions company. Specializing in enterprise applications, Aereo provides advanced drone technology across various industries, including urban and rural development, agriculture, mining, construction, irrigation, forest conservation, renewable energy, and infrastructure development. The company offers state-of-the-art survey-grade drones that enhance data collection and analysis, significantly improving operational efficiency. Aereo's drones are capable of processing over fifty thousand images per instance, allowing for comprehensive visual quality checks and efficient data management. Notably, Aereo has mapped more than 34,000 villages in India, positively impacting over 45 million lives. As a pioneer in the field, Aereo introduced India’s first DGCA-certified survey-grade PPK drone, the Aereo INP, while striving to elevate productivity and environmental sustainability through innovative aerial intelligence. The company is supported by prominent early-stage investors, reflecting its position as a key player in the drone technology sector.

Bira 91

Debt Financing in 2017
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

SUGAR Cosmetics

Venture Round in 2017
SUGAR Cosmetics is a Mumbai-based company that manufactures and retails a diverse range of color cosmetics. Founded in 2012, it offers products including lipsticks, eyeliners, foundations, face palettes, blushes, bronzers, highlighters, and primers, as well as nail lacquers and cleansing products. The brand is recognized for its cruelty-free approach and has gained popularity among millennials, becoming one of the fastest-growing premium beauty brands in India. SUGAR Cosmetics is known for its unique packaging and appealing product offerings, catering to bold, independent women. The products are crafted in advanced facilities located in Germany, Italy, the USA, and Korea, and are available through retail stores and online platforms, allowing the brand to reach customers worldwide.

Lendingkart

Debt Financing in 2017
Lendingkart is a financial technology company based in India that focuses on providing working capital loans and financing solutions for small and medium-sized enterprises (SMEs). By utilizing technology and data analytics, Lendingkart assesses the creditworthiness of businesses swiftly, enabling a fast and convenient loan approval process. The company aims to meet the financing needs of SMEs that often struggle to secure traditional bank loans due to insufficient collateral or credit history. Through its online platform, Lendingkart offers a user-friendly experience for businesses seeking funding, allowing them to apply for loans online and receive funds promptly, thereby supporting their growth and operational needs.

ShareChat

Seed Round in 2016
ShareChat is an Indian social media startup founded in 2015 and headquartered in Bangalore, Karnataka. The platform is designed to cater to India's diverse vernacular audience, offering content consumption and sharing services exclusively in 15 Indian languages. With a focus on understanding the needs of its users, ShareChat enables individuals to connect through private messaging, tagging, and personal messaging features. Users can share a variety of content, including videos, jokes, and songs, fostering a vibrant community that reflects the rich linguistic diversity of India. The platform serves over 1.17 billion wireless network users in the country, positioning itself as a significant player in the social media landscape.
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