Various asset supervisor Anicut Capital has launched its second devoted early-stage investment fund, with a goal corpus of Rs 175 crore.

The Grand Anicut Seed Fund additionally has a Rs 75 crore greenshoe choice, permitting it to boost as much as Rs 250 crore if there’s adequate investor demand.

The fund plans to spend money on greater than 20 startups from the pre-seed to Collection A levels, specializing in deeptech, enterprise expertise, shopper companies and monetary companies.

Anicut expects to make preliminary investments of between Rs 5 crore and Rs 8 crore in every firm.

The fund is registered with the SEBI as a Class I different funding fund.

Anicut mentioned it was concentrating on a primary shut quickly and anticipated commitments from institutional traders, high-net-worth people and household workplaces in India and abroad.

Ajay Anand, a associate at Anicut Capital, instructed Inc42 that the agency was near securing a primary shut of about $10 million, which might be introduced in August 2026.

The fund has already dedicated capital to a few startups, though their names haven’t been disclosed.

Anand mentioned one of many corporations was creating a subscription-based platform supposed to make luxurious merchandise extra inexpensive.

One other is a design-led shopper model producing desktop and life-style equipment, whereas the third is creating robotic kiosks for wholesome drinks and smoothies.

Anicut plans to allocate about 70% of the fund to new investments and reserve the remaining 30% for follow-on rounds.

The cash is predicted to be deployed over three years. The agency plans to construct the principle portfolio in the course of the first two years and focus on follow-on investments within the third.

It goals to have invested in 10 start-ups by the tip of the 2026-27 monetary 12 months, together with the three offers already agreed.

Anicut mentioned the technique utilized by its earlier early-stage car, the Grand Anicut Angel Fund, had carried out forward of the benchmarks it follows.

“With our second fund, we goal to construct on this confirmed technique by partnering with distinctive founders of their 0-to-1 journey,” Anand mentioned.

The Grand Anicut Angel Fund has invested in 68 corporations on the pre-seed to pre-Collection A levels since 2021.

In line with Anicut, these corporations have collectively raised greater than Rs 6,000 crore in follow-on funding and recorded a tenfold enhance in mixed income since its preliminary investments.

The portfolio contains space-technology corporations Agnikul Cosmos and GalaxEye, jewelry model GIVA, espresso firm Blue Tokai Espresso Roasters, financial-technology platform Snapmint and B2B supply-chain firm CapGrid.

Different investments embody aerospace firm E-Aircraft, satellite-services startup InspeCity, manufacturing-technology firm Leumas, footwear model Neeman’s and funding platform Grip Make investments.

The brand new fund will function in a different way from the Grand Anicut Angel Fund, which allowed traders to take part in particular person offers.

It would as an alternative use a blind-pool construction, underneath which traders commit capital earlier than all the businesses within the portfolio have been chosen.

Anand mentioned the change will enable Anicut to supply restricted companions a portfolio-based funding method moderately than elevating cash individually for every transaction.