🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Anicut Capital receives over Rs 30 crore infusion from HDFC AMC’s Fund of Funds
Economic Times
·
1y ago
Medial
Anicut Capital, based in Chennai, has secured an investment of over Rs 30 crore from HDFC Asset Management Company’s Fund of Funds, with an additional allocation expected. This funding will be deployed through Anicut Capital's equity fund, Grand Anicut Fund 3, which focuses on early growth investments across various sectors. The fund, which has a total corpus of Rs 500 crore and a greenshoe option of Rs 250 crore, has already invested over Rs 150 crore in six companies, including Blue Tokai Coffee, Earth Rhythm, The Ayurveda Experience, Neemans, Wheelocity, and XYXX.
View Source
Related News
Singularity AMC’s SGOF II oversubscribed at Rs 1800 Cr, eyes final close soon
Entrackr
·
4m ago
Medial
Singularity AMC, a growth equity platform for private and PIPEs, has announced that its second PE fund, Singularity Growth Opportunities Fund II (SGOF II), is oversubscribed at Rs 1800 crore. Launched in August 2023 with a Rs 1,500 crore corpus and a Rs 500 crore green shoe option, the fund saw strong investor interest, securing its first close at Rs 500 crore within a month. It focuses on Energy Transition, next-generation industrials, Consumer, Healthcare, and Financial Services. SGOF II has already backed eight companies, including Lohum, a battery recycling startup; HEG, an energy transition platform such as Sterling & Wilson Data Centre, a data center EPC provider, Sabine, an IVF healthcare company, Classic Legends, the maker of JAWA motorcycles, Qucev, a sustainable EV manufacturer and Deal 7, a luxury watch retailer. Over the next two years, the fund aims to invest Rs 75-175 crore in 12-15 companies. Founded in 2016, Singularity AMC is led by Yash Kela and Mithun Sacheti. The firm manages three funds and has invested in Swiggy, Paytm, Jana Small Finance Bank, and Jawa. Its first fund achieved a 30% IRR and is on track to reach 3x MOIC. The fund follows a structured investment approach, with 40% allocated to late-stage companies, 40% to profitable growth-stage firms, and 20% to high-conviction venture-stage opportunities. Its current portfolio is valued at Rs 492 crore, with a Multiple on Invested Capital (MOIC) of 1.2x.
View Source
Anicut raises $11 Mn via GIFT City Structure for Private Credit Fund 3
Entrackr
·
9m ago
Medial
Alternative investment firm Anicut Capital has announced the receipt of $11 million in dollar-denominated investments via GIFT City Structure in its Private Credit Fund 3. In September last year, Anicut Capital secured an investment of Rs 50 crore from the Small Industries Development Bank of India (SIDBI) for the Anicut Equity Fund. Within the first year of operations, the fund has already invested in six companies including Earth Rhythm, Neemans, Wheelocity, The Ayurveda Experience, Blue Tokai Coffee and XYXX. The investment structure aims at attracting dollar-denominated investments into India from a diverse group of institutional investors, family offices, and high-net-worth individuals (HNIs) from key global markets including the US, UK, Europe, and the Middle East. The funds are raised in the International Financial Services Centres Authority (IFSC), a statutory authority established by the Government of India to facilitate international investments. The funds received via GIFT City Structure feed into the overall corpus of Rs 1,500 crore that Anicut Capital is currently raising for its third private credit fund. In private credit, Anicut claims to have deployed Rs 3,200 crore to date across mid-sized enterprises since inception.
View Source
Anicut Secures INR 50 Cr From SIDBI's Fund Of Funds
Inc42
·
1y ago
Medial
Anicut Capital, an alternative investment firm, has received a INR 50 crore investment from the Small Industries Development Bank of India (SIDBI) for its Anicut Equity Fund. Anicut Equity Fund launched its Grand Anicut Fund III in June 2022 with a target corpus of INR 500 crore and an additional INR 250 crore green shoe option. The firm plans to back 12-14 growth-stage startups over the next 18-24 months from the Fund III. Anicut Capital's portfolio includes startups like Wow! Momo, Bira, Sugar Cosmetics, and ShareChat, among others.
View Source
Exclusive: XYXX raises fresh funds led by Niveshaay Sambhav Fund
Entrackr
·
5m ago
Medial
Men-focused premium innerwear and lifestyle brand XYXX is raising Rs 30 crore ($3.6 million) in a funding round led by Niveshaay Sambhav Fund, with participation from Anicut Capital, DSG Consumer Fund, and Sauce Continuity Fund. The board at XYXX has passed a special resolution to issue 1,81,818 Series B2 CCPS at an issue price of Rs 1,650 each to raise the aforementioned sum, its regulatory filing accessed from the Registrar of Companies shows. Niveshaay Sambhav Fund will invest Rs 9.93 crore, while Anicut Capital, Sauce Continuity Fund, and DSG Consumer Partners will contribute Rs 7.95 crore, Rs 4.96 crore, and Rs 1.99 crore, respectively. The remaining amount will be invested by Singularity Growth, Selenium Trust, Veena Merchants, and Arun Venkatachalam HUF. XYXX will use these proceeds to meet the capex and working capital requirements for the ongoing operations. According to Entrackr's estimates, it will be valued at around Rs 820 crore post-allotment. XYXX is a lifestyle brand specializing in underwear, loungewear, and athleisure, crafted from premium fabrics. The company claims to have built a network of over 18,000 retailers across 50 cities. Besides its own website, XYXX retails on various marketplaces and claims to be among the top three innerwear brands. In FY23, the company launched its first store in central Mumbai and now plans to expand with new outlets in Indore and Bangalore. XYXX has raised Rs 250 crore to date, including Rs 110 crore led by Amazon Smbhav Venture Fund in May 2023. According to the startup data intelligence platform TheKredible, before this round, Sauce.vc was the largest external stakeholder, followed by DSG Consumer Fund and Amazon Smbhav Venture Fund. XYXX recorded a 25% year-on-year revenue growth, rising from Rs 105 crore in FY23 to Rs 131 crore in FY24. Simultaneously, the company trimmed its losses by 22.2% to Rs 35 crore in FY24.
View Source
Mutual funds continue to buy HDFC Bank shares for fifth successive month
Money Control
·
1y ago
Medial
Mutual funds continue to show interest in HDFC Bank, with May marking the fifth consecutive month of buying shares. In May, mutual funds purchased shares worth Rs 7,600 crore, bringing the total value of shares held to Rs 2.32 lakh crore. SBI Mutual Fund is the largest stakeholder in HDFC Bank, followed by ICICI Prudential Mutual Fund and HDFC Mutual Fund. Despite underperforming in recent years, analysts believe the stock could see a recovery due to attractive valuations and low earnings per share expectations. The upcoming MSCI India index rebalance in August could also lead to significant passive buying of HDFC Bank shares.
View Source
Exclusive: CapGrid to raise fresh funds from Anicut, Nexus and Axilor
Entrackr
·
6m ago
Medial
B2B cloud manufacturing startup CapGrid is raising Rs 29.16 crore (approximately $3.5 million) in an extension of its Series A round led by Anicut Capital with the participation of Nexus Ventures and Axilor Technology Fund. The board at CapGrid has passed a special resolution to issue 2,452 Series A2 CCPS at an issue price of Rs 1,18,940 each to raise Rs 29.16 crore or $3.5 million, its regulatory filing accessed from the Registrar of Companies shows. Anicut Capital pumped in Rs 22.4 crore while Nexus Ventures and Axilor Technology Fund participated with Rs 3.3 crore and Rs 3.4 crore respectively. CapGrid will use these funds for expansion/growth and to fulfill the additional capital requirements, the filing stated. Caprid has raised over $10 million to date including its $7 million Series A led by Nexus Ventures in 2023. According to Entrackr’s estimates, the company has been valued at around Rs 285.5 crore (approximately $34 million) post-allotment. Founded in July 2020 by Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi, CapGrid is an AI-powered platform that serves a spectrum of industries across the automotive industry, agricultural equipment, earthmoving equipment, aerospace, oil and gas, consumer durables, and electric vehicles (EVs). It claims to have over 30,000 manufacturers across 15 countries. Within just three years of operation, CapGrid has surpassed the Rs 100 crore revenue milestone. The company achieved a 2.3X year-on-year growth to Rs 101 crore in FY24 from Rs 44.3 crore in FY23. However, its bottom line reflected a loss of Rs 26.14 crore in the same period.
View Source
Myntra secures $81 million fund infusion from parent Flipkart
Economic Times
·
6m ago
Medial
Myntra, an online fashion retailer, secured an $81-million fund infusion from parent company Flipkart. Myntra faces growing competition as Shein re-enters the Indian market. Following a previous $339 million injection in March 2024, the funds were allocated internally. Myntra reported a net profit of Rs 31 crore for fiscal 2024, contrasting a Rs 782 crore loss previously. Expanding its 30-minute delivery service, Myntra plans to enter more Indian cities while enhancing beauty and home decor segments.
View Source
Vertex Growth, Anicut back Pilgrim in fresh funding round
VCCircle
·
4m ago
Medial
Pilgrim, a direct-to-consumer skincare and personal care brand, has secured Rs 200 crore in a new funding round led by Vertex Growth Fund and Anicut Equity Continuum Fund. This round, which includes primary and secondary capital, values the company at approximately Rs 3,000 crore. The investment will boost Pilgrim's online profitability, enhance its offline presence, and improve research and development. Founded in 2020, Pilgrim offers over 90 products and plans to expand its retail footprint in India and internationally.
View Source
HDFC AMC invests in Athera's Rs 900 Cr Fund
Entrackr
·
7m ago
Medial
Tech-focused venture capital fund Athera Venture Partners, previously known as Inventus India, has received investment from HDFC AMC'S Select AIF FoF I Scheme for its Fund IV which is scheduled to close in 2025. HDFC Fund of Funds will be a dominant LP in Athera's Rs 900 crore fund, which will invest in tech startups operating in consumer internet, enterprise software, AI, and other emerging technologies. Athera has invested in several startups, including Ati Motors (autonomous robotics), Terra (3D immersive gaming platform), ClickPost (logistics management software), Cyn:Lr (computer vision for robotics), Hyperbots (AI automation), and Billion Hearts (digital consumer products for a global audience). With these 6 investments, 30% of the portfolio is already constructed and the fund is already in the positive IRR territory. Over the next 18-24 months, Athera will invest in a dozen more such startups from its Fund IV. Overall, the VC firm has invested in over 40 companies so far, including category-defining ventures like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, Euler Motors, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and many more.
View Source
Exclusive: Shark Tank India-backed P-Tal to raise fresh funds in pre-Series A round
Entrackr
·
8d ago
Medial
P-TAL is raising Rs 23 crore (approximately $2.7 million) from Rainmatter Capital, Anicut Capital, Venture Catalyst, RealTime Angel Fund, and 14 other investors. P-TAL featured in Season 3 of Shark Tank India and secured Rs 1 crore funding from Aman Gupta, Anupam Mittal, Amit Jain, Namita Thapar, and Vineeta Singh. The board at P-TAL to issue pre-Series A compulsory convertible preference shares to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. The company has received Rs 2.3 crore from Anicut Capital. According to Entrackr’s estimates, the company will be valued at Rs 116 crore ($13.6 million) post-money. Founded in 2019 by Agrawal, Kirti Goel, and Gaurav Garg, P-TAL (Punjab Thathera Art Legacy) sells handcrafted copper, brass, and kansa cookware, drinkware, and home decor. It caters to health-conscious consumers and fans of traditional Indian cooking and sustainable living. The company last raised Rs 4.33 crore in a seed round in October 2023, led by Titan Capital, with participation from Anicut Capital, Ghazal Aggarwal, Sandeep Aggarwal, Ashutosh Valani, and others. For the fiscal year ended March 2024, the Amritsar-based company reported revenue of Rs 5 crore and a net loss of Rs 1 crore during the same period.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in