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Anicut raises $11 Mn via GIFT City Structure for Private Credit Fund 3

EntrackrEntrackr · 1y ago
Anicut raises $11 Mn via GIFT City Structure for Private Credit Fund 3
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.

DMI Alternatives closes $120 Mn capital for private credit fund

EntrackrEntrackr · 21d ago
DMI Alternatives closes $120 Mn capital for private credit fund
Medial

DMI Alternatives closes $120 Mn capital for private credit fund DMI Alternatives has announced the closure of a $120 million raise for a corporate private credit fund focused on investing in performing and cash-flowing Indian companies. The raise underscores the growing demand for flexible credit capital among corporates in the world’s fastest-growing major economy, as businesses seek diversified financing beyond traditional channels. The strategy will be led by Harein Uppal. With this strategy, DMI Alternatives aims to provide bespoke financing solutions tailored to Indian companies well-positioned for sustainable growth. The fund maintains a focus on healthcare, technology, business services, manufacturing, and financial services sectors that benefit from secular tailwinds driving India’s economic expansion. With structural reforms, robust domestic consumption, and an increasing allocation of both domestic and global capital toward India-related investments, private credit is poised to remain a critical source of capital. As India’s financing landscape evolves, private credit is increasingly complementing banks and public markets. DMI Alternatives is an alternative asset management firm, managing investments across three core strategies: real estate (OKAS), Venture Capital (DMI Sparkle Fund), and Private Credit. The private credit strategy provides financing solutions to performing, cash-flowing Indian companies with strong fundamentals and sustainable growth trajectories. Focused on mid-market enterprises, it offers flexible capital through debt and hybrid structures.

FinReach raises Rs 21.9 Cr led by Colossa Ventures

EntrackrEntrackr · 1m ago
FinReach raises Rs 21.9 Cr led by Colossa Ventures
Medial

FinReach Solutions has raised Rs 21.9 crore (around $2.6 million) in a fresh round led by Colossa Ventures, along with existing investors Michael & Susan Dell Foundation, Omidyar Network Fund Inc, and Caspian SME Impact Fund IV. The company had earlier raised Rs 32.5 crore (around $3.9 million) from its existing investor group. The new capital will be used to scale operations, expand guarantee facilitation, and strengthen the company’s risk and technology stack to support larger volumes of credit assessments. Founded in December 2020 by Suvalaxmi Chakraborty, former senior executive at ICICI Bank, Barclays Bank, and SBM India, FinReach focuses on small entrepreneurs who struggle to access formal credit due to lack of collateral and limited credit history. FinReach operates a private-sector Credit Guarantee Program, enabling lenders to extend credit to micro, small, women-led, agri, and climate-focused enterprises. The platform connects private guarantors with lenders to de-risk loans and expand access to formal credit for underserved MSMEs. The firm’s analytics-led guarantee engine evaluates borrower risk, facilitates guarantees, and supports lending in tier-III to tier-V regions. FinReach says its programs have reached 14,150 individuals, including over 2,050 women borrowers. FinReach works with development finance institutions including British International Investment and global foundations supporting credit-access initiatives.

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