Anicut Capital launches ₹175 crore fund for early-stage startups

Anicut Capital has launched the Grand Anicut Seed Fund with a target corpus of ₹175 crore and a ₹75 crore greenshoe option. The fund will invest ₹5-8 crore each in over 20 pre-seed to Series A startups across deep-tech, enterprise tech, consumer and financial services. It has already closed three deals and is targeting its first close soon.