Anicut Capital appoints new VP; aims to create investment in DeepTech

In the new role, Karunamoorthi will lead investment strategies, risk profiling of new entities and asset performance for the company.

Investment firm, Anicut Capital, recently announced the appointment of Karunamoorthi Rajangam as the Vice President. In his new role, Karunamoorthi will be leading the company’s future investment strategies, risk profiling of new entities, and asset performance for Anicut Capital based at its office in Chennai.

“We will work together to further create investment opportunities for various institutions in consumer brand, deep tech, B2B SaaS, and fintech that are robust, faster, seamless, and efficient in fulfilling the company’s philosophy of investing and exiting along with the founders,” Karunamoorthi Rajangam, Vice President, Anicut Capital said.

Talking about Karunamoothi’s appointment IAS Balamurugan, Co-founder and Managing Partner, Anicut Capital, said, “Anicut envisions to lead financing and funding in almost all major sectors and industries and looks forward to offering a multitude of financial solutions and opportunities to a host of institutions. Karunamoorthi brings with him years of experience and would be instrumental in driving future strategies of business expansion, risk mitigation, and asset performance for Anicut Capital.”

Co-founded and incepted by Ashvin Chadha and IAS Balamurugan in 2016, Anicut Capital manages two Alternative Investment Debt Funds known as GAF (Grand Anicut Fund) and an early-stage Angel Fund known as GAAF (Grand Anicut Angel Fund). The team has worked on about 140 primary investments and another 70-80 investments which involved subsequent follow-on rounds and has offices in Delhi and Chennai. Anicut has an Assets Under Management (AUM) of INR 1500 crores across 3 funds.

The funds have financed the likes of Bira, wow! Momo, Sugar Cosmetics, Neeman’s, Grip Invest, Blue Tokai, and ShareChat in the past.