Fundraising Fox

Anicut Capital

Venture capital

New Delhi · Pre-Seed–Late Stage · 39 people tracked

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Investment thesis

Anicut Capital focuses on identifying impactful, scalable, and innovative business ideas and connecting them with the capital needed to grow. The firm backs driven entrepreneurs across all stages of growth, from startups to established businesses, offering flexible debt and equity solutions. It emphasizes building lasting, trust-based partnerships and providing strategic guidance throughout the entrepreneurial journey, supported by an experienced team.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$385K – $12M
HQ
New Delhi, IN
Leads rounds
Follows
Instruments
Equity · Debt
Founded
2015
Last 12 months
1 investment
AUM
$420M
Tracked investments
88

Team · 39 people

from the firm's website & curated & public directories
Gayathri S· Manager
Tara Doraiswamy· Analystin
A. Jayaseelan· President𝕏
Karunamoorthi Rajangam· Vice President
Pranav Visvesh· Associate

What they invest in

from 31 of 88 portfolio companies

AI & Machine Learning ×9Consumer ×8FoodTech ×8Deep Tech ×7Direct to Consumer ×7E-commerce ×6Fintech ×5SaaS ×5

HQs:India×23United States×1

Who they back

founder profiles across 15 portfolio companies
53%
solo founders
8 of 15 mapped founding teams

Founding team size:solo founder×82 founders×64+ founders×1

Investments · 88 tracked

founders shown can be your intro path

By year:2025 · 12024 · 22023 · 22022 · 16 dated

Rubrikrubrik.comin𝕏NYSE: RBRK

Securing the world's data

Palo Alto, US

Bipul Sinha(Co-Founder, Chairman & Chief Executive Officer)Arvind Nithrakashyap(Co-Founder, Chief Technology Officer & Director)Arvind Jain(Co-Founder (former; departed to found Glean))Soham Mazumdar(Co-Founder (former))Kiran Choudary(Chief Financial Officer)Jesse Green(Chief Revenue Officer)

Co-investorsBain Capital VenturesChamaeleonEngineering CapitalEQUIAMEvolution VC PartnersFelicis Ventures+15 more

Agnikulagnikul.inin𝕏

Agnikul builds low-cost orbital launch vehicles powered by single-piece 3D-printed semi-cryogenic engines, offering dedicated small-payload launches from a mobile launchpad.

Deep TechHardwareSpace Tech

Srinath Ravichandran(Founder)inMoin SPM(Founder)in

Co-investorsCelesta CapitalCelesta CapitalDholakia VenturesFundamental VCGlobevestorGolden Sparrow Ventures, Llc+9 more

Akna Medical
Artium Academyartiumacademy.comin𝕏

Co-investorsChiratae Ventures

Assembly
Astrogate Labsastrogatelabs.com

Co-investorsFirst ChequeSeraphim Space

Attronattronautomotive.comin𝕏

Atron Automotive manufactures power series solutions (Alpha, Beta, Gamma, Delta, and Custom Series) for electric vehicles, industrial machinery, and agricultural equipment.

Advanced ManufacturingCleantechDefense TechHardwareMobility & TransportationPune, IN

Co-investorsPegasus India Evolving Opportunities Fund

AXISCADESaxiscades.comin𝕏

Axis Cades is a publicly traded company in India that provides engineering and technology solutions.

Deep TechDefense TechDeveloper ToolsEnterprise SoftwareSemiconductorsIndia, IN

Azure
Bewakoofbewakoof.com

Bewakoof is an online fashion and apparel retailer selling clothing and accessories for men and women, along with lifestyle products.

ConsumerDirect to ConsumerE-commerce

Co-investorsSpring Marketing CapitalInvestcorpIvyCap Ventures

Bira
Biryani Bluesbiryaniblues.com𝕏

Biryani Blues (Thea Kitchen Private Limited) is a quick-service restaurant chain in India serving Hyderabadi dum-style biryani, packaged in earthen handis.

ConsumerFoodTechMarketplacesHyderabad, IN

Raymond Andrews(Co-founder)Aparna Andrews(Co-founder)

Co-investorsAlteria Capital

Blue Tokai
BlueBinaries
Burgerama
BytePe
Caffeine based self care brand
Capgrid

Integrated one-stop platform for supply of precision components focused on automotive and industrial manufacturing.

Co-investorsAxilor VenturesFirst Cheque

Charge up
Claircoclairco.inin

Clairco provides IoT sensors, AI-powered dashboards, and HVAC optimization solutions for indoor air quality management and energy efficiency in buildings.

AI & Machine LearningCleantechClimate TechEnergyIoTPropTechBengaluru, IN

Aayush Jha(CEO)

Cremica
Curatio Healthcare

One of India's fastest growing pharmaceutical companies focused on dermatology and pediatric segments.

Co-investorsChrysCapital

CynLrcynlr.comin

CynLr builds a hardware and software machine-vision platform ("Object Intelligence") that lets robots see, grasp, and orient unknown objects without pre-training, and offers robotic systems such as CyRo, CyNoid, and Mantroid for manufacturing and logistics.

Advanced ManufacturingAI & Machine LearningRobotics

Gokul N A(Founder)in

Co-investorsAthera Venture PartnersIIMA VenturesMerak VenturesPavestoneRedstart LabsSpeciale Invest

Daryaganj
Earthling
Eco-beauty brand
Enmovilenmovil.aiin

Enmovil builds an AI intelligence layer that sits over enterprises' existing ERP, TMS, and WMS systems to unify data and make operational supply-chain decisions—such as dispatch, load-matching, inventory repositioning, and carrier selection—delivered through chat or voice in tools like Teams, Slack, and Excel.

AI & Machine LearningEnterprise SoftwareLogistics & Supply Chain

Nanda Dharmavaram(Founder)in

Co-investorsCapria Ventures

Epigamia

Consumer food brand by DRUMS Food

Co-investorsDanone Manifesto VentureSauce.vcVerlinvest

ePlane
Foodstrong
GalaxEyegalaxeye.spacein𝕏Dec 2022 · $3.5M

GalaxEye builds satellites and Earth Observation systems, including OptoSAR imagery that combines optical and radar data to deliver imaging regardless of weather, time, or terrain.

AI & Machine LearningDeep TechHardwareSpace Tech

Co-investorsDholakia VenturesFalconX VenturesLVX VenturesMela VenturesSeraphim SpaceUpsparks Capital+1 more

Goodmelts
Grip Investgripinvest.inin𝕏Jan 2024 · $10M

Grip is an Indian investment platform offering fixed-income products including secured bonds, securitised debt instruments (SDIs), corporate fixed deposits, and curated baskets with fixed returns of up to 12.5% p.a.

FintechNew Delhi, IN

Co-investorsAdvantedge FoundersGemba Capital Venture PartnersEndiya PartnersStride VenturesVenture Highway

Hair extensions brand
Illumine-i
Immunitoaiimmunitoai.cominNov 2025 · $6.1M

Immunito AI is an in-silico antibody discovery company that combines artificial intelligence with an in-house biological lab to speed up and improve the discovery of antibodies.

AI & Machine LearningBiotechDeep TechMedical DevicesBangalore, IN

Aridni(Co-founder)Trisha(Co-founder)Aridni Shah(CEO)inTrisha Chatterjee(Co-Founder and CTO)inDr. Aridni Shah(Co-Founder and CEO)in

Co-investorsEntrepreneur Firstpi Ventures3one4 Capital

Impresario Handmade Restaurants
Inspecityinspecity.comin𝕏

InspeCity extends the operational lifespan of satellites to reduce orbital debris and support critical global infrastructure.

Climate TechDeep TechIoTRoboticsSpace TechMumbai, IN

Co-investorsShastra VC

Internet-first food tech brand
Jana Holdings Ltd.
Kaynes Technologies
Khetikakhetika.comin𝕏

Khetika is a consumer food brand selling stoneground powdered and whole spices, dry fruits, nuts, seeds, makhana, and stone-ground idli/dosa batters and chutneys.

ConsumerDirect to ConsumerFoodTechMumbai, IN

Raghu Allada(Founder)Raghuveer Allada(Founder)

Co-investorsSpring Marketing Capital

Kissflowkissflow.comin𝕏

Kissflow is a low-code application platform that enables enterprises to build custom apps with built-in integrations to core business systems without writing code.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaS

Suresh(Founder & CEO)

Kytchenskytchens.inin

Kytchens operates a multi-brand cloud kitchen network in Mumbai, providing F&B brands with kitchen infrastructure, staffing, regulatory compliance, aggregator management, packaging, and marketing support.

FoodTechLogistics & Supply ChainMumbai, IN

Lendingkartlendingkart.comin𝕏

Lendingkart is a lending platform providing loans; this page contains corporate governance documents such as board policies, director information, and related party transaction policies.

Fintech

Co-investorsBertelsmann India InvestmentsFullerton Financial HoldingsIndia QuotientMayfield FundSaama CapitalMayfield India+2 more

Leumasleumasware.comin𝕏

Leumasware provides on-demand contract manufacturing of nutraceuticals, health foods, and personal care products with custom formulation and ready-made formulation bases.

Advanced ManufacturingAgTechAI & Machine LearningDeep TechHealthtechRoboticsRamnagara, IN

Co-investorsCapital2BCapital-A

Logistack
Luker Electric Technologies
Manna Foods
MasterChowmasterchow.in

MasterChow makes restaurant-style Asian cooking products—including sauces, noodles, chilli oils and pantry staples—for home cooks to recreate bold Asian flavours in their own kitchens.

Direct to ConsumerE-commerceFoodTech

Bhavika KapoorVidur Kataria(Founder)inSidhanth Madan(Founder)inRadhika

Co-investorsPeak XV PartnersTanglin Venture PartnersWEH Ventures

Milky Mistmilkymist.comin

Milky Mist is a dairy food company that produces value-added dairy products including cheese, paneer, butter, yogurt, ghee, and ice cream, as well as frozen foods and ready-to-eat products sold under multiple brands.

ConsumerFoodTechErode, IN

Sathishkumar T(Chairman and Managing Director)Anitha S(Whole Time Director)

Modefin
New age kitchenware brand
Niraamaya
Nutraceuticals brand
o3 Capital
Ondoor
Oorja Energy
P-TALptal.inOct 2023

P•TAL is a cookware and homeware brand that makes handcrafted brass, copper, and bronze kitchen products, inspired by Ayurvedic wellness traditions.

ConsumerDirect to ConsumerE-commerce

Co-investorsConnecticut InnovationsRainmatterTitan CapitalVenture Catalysts

Exits · 1

IPOs and acquisitions across the tracked portfolio

RubrikNYSE: RBRK

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Anicut Capital made?
Anicut Capital has 83 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does Anicut Capital invest at?
Anicut Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Anicut Capital's typical check size?
Anicut Capital typically writes checks of $385K – $12M.
What sectors does Anicut Capital focus on?
Anicut Capital focuses on Consumer, E-commerce, FoodTech, Healthtech, Sector Agnostic.
Where is Anicut Capital located?
Anicut Capital is headquartered in New Delhi, IN.
Does Anicut Capital lead rounds?
Anicut Capital typically participates in rounds rather than leading them.
Who does Anicut Capital co-invest with?
Anicut Capital most often shares deals with First Cheque, Lightspeed Venture Partners, Mayfield Fund, among 72 tracked co-investors.

Media · Podcasts & interviews

featuring the team

IAS Balamurugan On Anicut Capital Fund Raise & Growth Roadmap | Startup Street | CNBC-TV18

CNBC-TV18 · IAS Balamurugan

Anicut Capital's Ashvin Chadha Shares Their Investment Plans | Startup Street | CNBC-TV18

CNBC-TV18 · Ashvin Chadha

Backing the best D2C companies with Debt & Equity Funding | Ashvin Chadha, Anicut Capital

The Neon Show · Ashvin Chadha

Understanding Angel Investing | Ajay Anand | Dhruv Ranjan | Anicut Capital | The Startup Operator

The Startup Operator · Ajay Anand

Images

Anicut Capital photo

Co-investors · 8

Speciale Invest

Speciale Invest is an early-stage venture capital firm that backs deep tech startups, investing at pre-seed and seed stages and partnering closely with founders from the ideation phase.

$1M
Lightspeed Venture Partners

Lightspeed is a global venture capital firm that has spent over two decades backing innovative companies as an early and first investor.

Both backed · 2
$1.7M – $87M
Rocketship.vc

Rocketship.vc is a data-driven venture capital firm that uses data science and a large database of startup activity to identify and invest in promising companies globally.

Both backed · 2
$1M – $5M
Axilor Ventures

Axilor Ventures is an India-based venture capital firm backing early-stage technology startups across supply chain, enterprise SaaS, healthcare, and agriculture, operating SEBI-registered technology funds.

Both backed · 2
VyaparCapgrid
Peak XV Partners

Peak XV Partners is a multi-stage venture capital firm that partners with founders from seed through venture and growth stages.

Both backed · 1
$100K – $10M
RTP Global

RTP Global is a venture capital firm that invests in technology founders building global companies, with an investment team present across the USA, Europe and Asia.

$1M – $15M
Venture Catalysts | India's First Integrated Incubator

An early-stage investment ecosystem that connects entrepreneurs with angel investors and institutional capital. Venture Catalysts organizes pitch events, provides deal screening and due diligence support, and facilitates syndicated investments across multiple sectors.

$25K – $2.7M

Firms observed investing alongside Anicut Capital, from public investor directories. Shared companies are the overlap with Anicut Capital's recorded portfolio.

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