Friday, April 19, 2024
Outlook India
Outlook Business

Anicut Capital

Zingavita intends to use this capital infusion for new product development by blending Ayurveda and modern nutritional science

Existing institutional investors, including, Anicut Capital, DSG Consumer Partners and Singularity Growth Opportunities Fund also backed the men’s innerwear and lifestyle label in this funding round

The round was co-led by Antler India and Veda VC. Anicut Capital, DeVC India,

The annual journey around the country brings together investors, banking and finance ecosystems to drive growth in the fintech space

Prior to this fundraising, CapGrid raised Rs 4.1 crore in November 2021 in its seed funding round

PTV International Ventures led the round with Rs 83.33 crore followed by SiriusOne Capital, Cornerstone Ventures among others

The Chennai-based alternative investment firm launched the Rs 500 crore Grand Anicut Fund 3 in June 2022

The company will utilise these funds to expand its services to 25 cities across India

Swageazy will utilise the prospects of this investment round in hiring skilled staff and developing products