Anicut Capital is a Chennai-based venture capital fund co-founded by former ICICI Bank executive I.A.S. Balamurugan and Ashvin Chadha from India's largest fixed-income distribution family, bringing commercial banking credit expertise to venture investing. The firm runs a full-spectrum capital platform providing seed funding, venture debt, and private credit to profitable consumer brands and SMEs across India, deliberately using both debt and equity as design choices rather than separate products.
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