{"id":19497,"date":"2022-01-31T12:57:27","date_gmt":"2022-01-31T07:27:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-anicut-sidbi\/"},"modified":"2022-01-31T12:57:27","modified_gmt":"2022-01-31T07:27:27","slug":"biz-anicut-sidbi","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-anicut-sidbi\/","title":{"rendered":"Anicut Capital raises Rs 140 cr for second debt fund from SIDBI"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-278522032\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Jan 31 (PTI) Anicut Capital on Monday said it has raised Rs 140 crore from the Small Industries Development Bank of India (SIDBI) for its second debt fund.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3894923652\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The funds will be deployed through the second debt fund &#8211; Grand Anicut Fund-2 &#8211;  which closed recently at Rs 875 crore, a statement said.<\/p>\n<p>The funds received from SIDBI is through the Fund of Funds for Startups (FFS) that was launched under the Startup India Initiative in January 2015, it added.<\/p>\n<p>\u201cWe 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,&#8221; IAS Balamurugan, co-founder and Managing Partner of Anicut Capital, said.<\/p><div class=\"trade-content_5\" id=\"trade-2616048319\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Balamurugan added that the pandemic is a testimony for many novel ideas that took shape to offer solutions to the unthinkable.<\/p>\n<p>&#8220;We have recently closed our second debt fund and are enthused by the opportunity it provides us to translate the dreams into the reality of many young enterprises,&#8221; Balamurugan said.<\/p>\n<p>Anicut&#8217;s second debt fund has invested across over 15 growth and early-stage startups with an average deal size of Rs 15-100 crore.<\/p>\n<p>GAF-2 has already invested upwards of Rs 580 crore, and portfolio companies include startups like Wow Momos, ASG Eye Care Hospital, Akna Medical (acquired by Pharmeasy), B9 Beverages (Bira), Azure Hospitality, Kissflow and Wingreens.<\/p>\n<p>The fund plans to invest in more than 30 early and growth-stage companies across sectors, such as consumer brands, technology, F&#038;B, fintech, among others, under categories of acquisition financing, promoter\/buyback financing, growth capital and capital restructuring, the statement said. PTI SR  SR BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-3294752275\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Jan 31 (PTI) Anicut Capital on Monday said it has raised Rs 140 crore from the Small Industries Development Bank of India (SIDBI) for its second debt fund. The funds will be deployed through the second debt fund &#8211; Grand Anicut Fund-2 &#8211; which closed recently at Rs 875 crore, a statement said. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-19497","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Anicut Capital raises Rs 140 cr for second debt fund from SIDBI - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-anicut-sidbi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anicut Capital raises Rs 140 cr for second debt fund from SIDBI\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Jan 31 (PTI) Anicut Capital on Monday said it has raised Rs 140 crore from the Small Industries Development Bank of India (SIDBI) for its second debt fund. 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The funds will be deployed through the second debt fund &#8211; Grand Anicut Fund-2 &#8211; which closed recently at Rs 875 crore, a statement said. 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