Anicut Capital launches Rs 175 Cr seed fund to back early-stage startups

Chennai-based investment firm Anicut Capital has launched its second early-stage investment vehicle, the Grand Anicut Seed Fund (GASF), with a target corpus of Rs 175 crore and an additional greenshoe option of Rs 75 crore. According to a company statement, GASF will focus on investing in startups at the pre-Series A and Series A stages, targeting sectors such as deeptech , enterprise technology, consumer businesses, and financial services. The fund aims to support more than 20 startups, with pl