Anicut Capital, established in 2016, is a Chennai-based asset management firm specializing in debt financing for consumer goods companies across India. Founded by seasoned professionals with extensive backgrounds in commercial and investment banking, the firm provides tailored debt solutions to support the growth and expansion of its clients in the consumer goods sector.
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 Food Processing
MasterChow
Series A in 2024
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.
Wheelocity
Debt Financing in 2024
Wheelocity is a supply chain network dedicated to addressing India's malnutrition issue by minimizing food waste through innovative, technology-driven solutions. Founded in 2021, the company has established itself as a leading provider of fresh supply chain solutions, processing nearly 700 tonnes of fresh food daily across a network that spans the entire country. Wheelocity aims to reshape the fresh produce market by integrating various components of the supply chain, including collection centers, distribution centers, and logistics, to create an efficient and optimized ecosystem for perishable goods such as fruits, vegetables, dairy, poultry, and meat. By leveraging advanced technologies like artificial intelligence and the Internet of Things, Wheelocity enhances transparency and efficiency in its operations, facilitating a faster and more sustainable process for delivering food from farms to consumers. Ultimately, the company’s mission is to eliminate food waste and combat hunger through effective management of supply chain resources.
Wheelocity
Series A in 2024
Wheelocity is a supply chain network dedicated to addressing India's malnutrition issue by minimizing food waste through innovative, technology-driven solutions. Founded in 2021, the company has established itself as a leading provider of fresh supply chain solutions, processing nearly 700 tonnes of fresh food daily across a network that spans the entire country. Wheelocity aims to reshape the fresh produce market by integrating various components of the supply chain, including collection centers, distribution centers, and logistics, to create an efficient and optimized ecosystem for perishable goods such as fruits, vegetables, dairy, poultry, and meat. By leveraging advanced technologies like artificial intelligence and the Internet of Things, Wheelocity enhances transparency and efficiency in its operations, facilitating a faster and more sustainable process for delivering food from farms to consumers. Ultimately, the company’s mission is to eliminate food waste and combat hunger through effective management of supply chain resources.
WayCool
Debt Financing in 2024
WayCool is an agri-tech company focused on the processing, distribution, and procurement of fresh produce, dairy products, and staples. By utilizing innovative quality management and food safety technology, WayCool enhances farmers' incomes and streamlines logistics and distribution services. The company sources fruits and vegetables primarily from smallholder farmers and aggregators, distributing them to local shops, retail outlets, hotels, restaurants, and catering establishments. WayCool operates a retail brand called SunnyBee in Chennai, which includes physical stores, mobile stores on trucks, and e-commerce platforms. Additionally, SunnyBee offers a range of high-quality private label products developed through partnerships with sister companies. By establishing direct connections between farmers and consumers, WayCool effectively integrates physical and information technology to facilitate efficient distribution of fresh produce.
Bigspoon
Series A in 2022
Bigspoon Foods Private Limited is a cloud kitchen based in Ahmedabad, India, that specializes in a diverse range of culinary offerings. Founded in 2019 by Kapil Mathrani, Rohan Bhatt, and Poojan Thakkar, the company focuses on North Indian cuisine, American quick-service restaurant (QSR) options, and healthy meal choices. Bigspoon provides an omni-channel approach to food ordering and delivery, emphasizing quality, health, and hygiene in its operations. The menu includes popular dishes such as chicken tikka, paneer rolls, butter paneer, dal Bukhara, paneer tikka, ras omelette, and various biryanis, catering to a wide array of customer preferences. The company facilitates online orders and home delivery services, making its offerings accessible to a broad audience.
Wheelocity
Debt Financing in 2022
Wheelocity is a supply chain network dedicated to addressing India's malnutrition issue by minimizing food waste through innovative, technology-driven solutions. Founded in 2021, the company has established itself as a leading provider of fresh supply chain solutions, processing nearly 700 tonnes of fresh food daily across a network that spans the entire country. Wheelocity aims to reshape the fresh produce market by integrating various components of the supply chain, including collection centers, distribution centers, and logistics, to create an efficient and optimized ecosystem for perishable goods such as fruits, vegetables, dairy, poultry, and meat. By leveraging advanced technologies like artificial intelligence and the Internet of Things, Wheelocity enhances transparency and efficiency in its operations, facilitating a faster and more sustainable process for delivering food from farms to consumers. Ultimately, the company’s mission is to eliminate food waste and combat hunger through effective management of supply chain resources.
Wheelocity
Series A in 2022
Wheelocity is a supply chain network dedicated to addressing India's malnutrition issue by minimizing food waste through innovative, technology-driven solutions. Founded in 2021, the company has established itself as a leading provider of fresh supply chain solutions, processing nearly 700 tonnes of fresh food daily across a network that spans the entire country. Wheelocity aims to reshape the fresh produce market by integrating various components of the supply chain, including collection centers, distribution centers, and logistics, to create an efficient and optimized ecosystem for perishable goods such as fruits, vegetables, dairy, poultry, and meat. By leveraging advanced technologies like artificial intelligence and the Internet of Things, Wheelocity enhances transparency and efficiency in its operations, facilitating a faster and more sustainable process for delivering food from farms to consumers. Ultimately, the company’s mission is to eliminate food waste and combat hunger through effective management of supply chain resources.
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.
Foodstrong
Seed Round in 2022
Foodstrong is a food and beverage company that specializes in manufacturing and selling a variety of protein-rich products aimed at addressing nutritional gaps in the Indian diet. The company's offerings include protein powders, shakes, oats and millet pancakes, and dosa mixes, all designed to deliver optimal nutrition without preservatives or added sugars. By focusing on taste and nutritional value, Foodstrong aims to provide consumers with accessible and healthy options that support their dietary needs and overall well-being.
Milky Mist Dairy Foods
Debt Financing in 2021
Milky Mist Dairy Food Private Limited, established in 1997 by T. Sathish Kumar, is one of India’s leading manufacturers of dairy products, located in Perundurai, Tamil Nadu. The company specializes in the procurement, processing, and production of a diverse range of dairy items, including milk, curd, fresh cream, butter, ghee, cheese, and paneer. Milky Mist aims to provide consumers with high-quality dairy products that meet their nutritional needs. With a strong commitment to quality and customer satisfaction, the company has positioned itself as a prominent player in the Indian dairy industry.
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