Anicut Capital raises Rs 110 crore to invest in startups

Mumbai: Investment management firm Anicut Capital on Tuesday said it has raised Rs 110 crore to acquire equity stakes in startups across sectors. This is the first close for the Rs 500-crore Anicut Opportunities Fund I. The fund will be deployed to take stakes in up to 15 growth stage companies, as per an official statement.

There is a Rs 250-crore greenshoe option as well for the newly started fund, it said without disclosing details of Rs 110 crore commitments.