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Asset/Investment Management
anicutcapital.com

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Investments

41

Portfolio Exits

1

Funds

6

About Anicut Capital

Anicut Capital, an alternative asset management firm, was founded by experienced professionals who have spent credible years of their career in Commercial, Private & Investment Banking at senior levels.

Anicut Capital Headquarter Location

Venkatramana 11th 2nd Main Road

Chennai, 60004,

India

+91 44 46931111

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Latest Anicut Capital News

[Funding Roundup] Settlin, Rgyan, Kytchens and others secure early-stage deals

Jun 20, 2022

0 CLAPS Settlin raises $1M in Pre-Series A round led by Powerhouse Ventures Settlin, a digital broker for resale homes, has raised $1 million in a Pre-Series A round from Powerhouse Ventures, Rajesh Sawhney founded-GSF Fund, and marquee angel investors Murugavel Janakiraman (Founder and CEO, Bharat Matrimony), Dinesh Agrawal (Founder and CEO, IndiaMART) and others. Bengaluru-based Settlin provides end-to-end doorstep execution of residential property resale transactions. The startup says it maintains in-depth and accurate property profiles, physically inspects properties, and manages the entire transaction, including legal verification, home loan, and sale deed. It recently launched its app Settlin on the Google Play Store. Get connected to Rgyan The startup plans to use the new funds to expand operations in Bengaluru and fortify its consumer-tech platform. Spiritual tech startup Rgyan raises investment from Paris-based HNI Rgyan, an online spiritual community platform recently raised an additional $162,000 from a Paris-based HNI. The funds will be primarily used to hire new talents and implement new product features catering to the daily devotional and spiritual needs of the users. With this latest round, the startup so far has raised a total of $362,000 in funding. Rgyan, a product of SoulGuide (SoulGuide Digital Pvt Ltd), is an online spiritual social community platform that lets users explore digital content and services in various categories like devotion, astrology, pilgrimage, wellbeing, art/society, mythologies, and others. Get connected to Rgyan Started in 2018 as a blogging/classified platform, Rgyan has more than 3,000 content articles listed through its website with three to four million annual active users. Kytchens raises Rs 6.5 Cr from Anicut Capital, others  Kytchens, a full-stack "Kitchen as a Service'' platform, on Monday announced it has raised Rs 6.5 crore in equity through Pre-Series A funding. The round was led by Anicut and supported by angel investors such as Anand Ladsariya, Bharat Jaisinghani, and Neeraj Goenka, among others. The funding will help Kytchens build a robust and agile team with the right skill sets and capabilities to accelerate its growth in the Indian market. Additionally, the cloud kitchen service provider will aim towards expanding its footprint across Mumbai and nearby cities such as Pune, and Nashik in Maharashtra and across Tier II markets in southern Gujarat. Kytchens was launched by Nachiket Shetye and Bansi Kotecha in the middle of the first lockdown when things were shutting down. The first kitchen initiated its operations in August 2020 with two partner brands. The full-stack service provider has now expanded to six locations with over 25 brands. Stay Updated

Anicut Capital Investments

41 Investments

Anicut Capital has made 41 investments. Their latest investment was in Kytchens as part of their Seed on June 6, 2022.

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Anicut Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/19/2022

Seed

Kytchens

$0.83M

Yes

1

6/2/2022

Series B

Neeman’s

$5.15M

No

1

5/17/2022

Seed VC - II

MasterChow

$1.2M

Yes

Fluid Ventures, Undisclosed Angel Investors, and WEH Ventures

2

5/5/2022

Seed VC

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$99M

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10

4/5/2022

Seed VC - II

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$99M

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10

Date

6/19/2022

6/2/2022

5/17/2022

5/5/2022

4/5/2022

Round

Seed

Series B

Seed VC - II

Seed VC

Seed VC - II

Company

Kytchens

Neeman’s

MasterChow

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Amount

$0.83M

$5.15M

$1.2M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Fluid Ventures, Undisclosed Angel Investors, and WEH Ventures

Sources

1

1

2

10

10

Anicut Capital Portfolio Exits

1 Portfolio Exit

Anicut Capital has 1 portfolio exit. Their latest portfolio exit was Yaantra on January 13, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/13/2022

Acquired

$99M

5

Date

1/13/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

5

Anicut Capital Fund History

6 Fund Histories

Anicut Capital has 6 funds, including Anicut Opportunities Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/7/2022

Anicut Opportunities Fund I

$14.16M

1

1/12/2022

Grand Anicut II

$99M

10

11/14/2019

Debt Fund II

10

12/31/2016

Grand Anicut I

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$99M

10

Grand Anicut Fund II

10

Closing Date

6/7/2022

1/12/2022

11/14/2019

12/31/2016

Fund

Anicut Opportunities Fund I

Grand Anicut II

Debt Fund II

Grand Anicut I

Grand Anicut Fund II

Fund Type

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Status

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Amount

$14.16M

$99M

$99M

Sources

1

10

10

10

10

Anicut Capital Team

2 Team Members

Anicut Capital has 2 team members, including current Founder, Ias Balamurugan.

Name

Work History

Title

Status

Ias Balamurugan

Founder

Current

Ashwin Chadha

Founder

Current

Name

Ias Balamurugan

Ashwin Chadha

Work History

Title

Founder

Founder

Status

Current

Current

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