Tuesday, March 28, 2023
Outlook India
Outlook Business

Anicut Capital

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