Anicut Capital

Anicut Capital, established in 2016, is a Chennai-based asset management firm specializing in debt financing for consumer goods companies across India. Founded by seasoned professionals with extensive backgrounds in commercial and investment banking, the firm provides tailored debt solutions to support the growth and expansion of its clients in the consumer goods sector.

Ajay Anand

Partner, Seed Fund

Ilayaarunachalam Balamurugan

Co-Founder, Managing Partner and Member of Investment Committee

IAS Balamurugan

Managing Partner

Adithya Bharadwaj

Vice President, Growth Equity

Dhruv Kapoor

Partner, Growth Equity

Veenu Mittal

CFO

Harsh Mohan

Associate, Seed Fund

Ankita Poddar

Senior Associate, Private Credit

Dhruv Ranjan

Associate Vice President, Seed Fund

I A S Balamurugan

Co-Founder and Managing Partner

A. Jayaseelan

Partner, Private Credit

Past deals in Food Processing

MasterChow

Series A in 2024
MasterChow is a ready-to-cook Asian cuisine brand that specializes in providing premium pantry staples designed to enhance home cooking. The company offers a diverse range of products, including noodles, sauces, and condiments, that aim to add flavor and fragrance to meals. Among its offerings are flavored sauces such as holy basil, chili and garlic, hot and spicy, and black bean and garlic. MasterChow's products come with step-by-step instructions, empowering consumers to prepare restaurant-quality dishes easily and enjoyably in their own homes.

Wheelocity

Debt Financing in 2024
Wheelocity is a supply chain network established in 2021, focused on addressing India's malnutrition problem by minimizing food wastage through technology-enabled solutions. As one of India's leading providers of fresh supply chain services, Wheelocity aims to reshape the fresh produce market by creating an integrated network that includes collection centers, distribution centers, dark stores, and logistics for various fresh products such as fruits, vegetables, dairy, poultry, and meat. The company processes nearly 700 tonnes of fresh food daily and employs advanced technologies like AI and IoT to enhance transparency and efficiency within its operations. By integrating all touchpoints of the supply chain, Wheelocity enables businesses to optimize inventory, maintain quality, and reduce costs, ultimately expediting the journey of food from farm to consumer while tackling the challenges of food waste and hunger in India.

Wheelocity

Series A in 2024
Wheelocity is a supply chain network established in 2021, focused on addressing India's malnutrition problem by minimizing food wastage through technology-enabled solutions. As one of India's leading providers of fresh supply chain services, Wheelocity aims to reshape the fresh produce market by creating an integrated network that includes collection centers, distribution centers, dark stores, and logistics for various fresh products such as fruits, vegetables, dairy, poultry, and meat. The company processes nearly 700 tonnes of fresh food daily and employs advanced technologies like AI and IoT to enhance transparency and efficiency within its operations. By integrating all touchpoints of the supply chain, Wheelocity enables businesses to optimize inventory, maintain quality, and reduce costs, ultimately expediting the journey of food from farm to consumer while tackling the challenges of food waste and hunger in India.

Epigamia

Debt Financing in 2022
Epigamia, launched in June 2015, specializes in offering premium all-natural dairy products, with a particular emphasis on Greek yogurt. The company caters to health-conscious consumers by providing a diverse range of food items, including almond milk, plant-based alternatives, lactose-free snacks, ice creams, ghee-based spreads, and chilled shakes made from real fruit. Epigamia's products are designed to be low in fat and high in protein, enabling consumers to enjoy nutritious desserts and beverages at an affordable price. By focusing on traditional dairy and innovative formulations, Epigamia promotes a healthy lifestyle through its diverse product offerings.

Wheelocity

Debt Financing in 2022
Wheelocity is a supply chain network established in 2021, focused on addressing India's malnutrition problem by minimizing food wastage through technology-enabled solutions. As one of India's leading providers of fresh supply chain services, Wheelocity aims to reshape the fresh produce market by creating an integrated network that includes collection centers, distribution centers, dark stores, and logistics for various fresh products such as fruits, vegetables, dairy, poultry, and meat. The company processes nearly 700 tonnes of fresh food daily and employs advanced technologies like AI and IoT to enhance transparency and efficiency within its operations. By integrating all touchpoints of the supply chain, Wheelocity enables businesses to optimize inventory, maintain quality, and reduce costs, ultimately expediting the journey of food from farm to consumer while tackling the challenges of food waste and hunger in India.

Wheelocity

Series A in 2022
Wheelocity is a supply chain network established in 2021, focused on addressing India's malnutrition problem by minimizing food wastage through technology-enabled solutions. As one of India's leading providers of fresh supply chain services, Wheelocity aims to reshape the fresh produce market by creating an integrated network that includes collection centers, distribution centers, dark stores, and logistics for various fresh products such as fruits, vegetables, dairy, poultry, and meat. The company processes nearly 700 tonnes of fresh food daily and employs advanced technologies like AI and IoT to enhance transparency and efficiency within its operations. By integrating all touchpoints of the supply chain, Wheelocity enables businesses to optimize inventory, maintain quality, and reduce costs, ultimately expediting the journey of food from farm to consumer while tackling the challenges of food waste and hunger in India.

Kytchens

Seed Round in 2022
Kytchens is a comprehensive "Kitchen as a Service" platform that supports food and beverage brands in scaling their operations nationwide. The company operates a network of cloud kitchens designed to make popular brand foods easily accessible for home delivery. By managing the entire customer experience—from order acceptance to cooking and delivery—Kytchens allows food brands to focus on their recipes while the platform handles logistics and service. This approach enables brands to expand sustainably and efficiently, leveraging limited resources to accelerate their growth in the market.

MasterChow

Seed Round in 2022
MasterChow is a ready-to-cook Asian cuisine brand that specializes in providing premium pantry staples designed to enhance home cooking. The company offers a diverse range of products, including noodles, sauces, and condiments, that aim to add flavor and fragrance to meals. Among its offerings are flavored sauces such as holy basil, chili and garlic, hot and spicy, and black bean and garlic. MasterChow's products come with step-by-step instructions, empowering consumers to prepare restaurant-quality dishes easily and enjoyably in their own homes.

Foodstrong

Seed Round in 2022
Foodstrong is a food and beverage company focused on addressing nutritional gaps in the Indian diet. It manufactures and sells a range of products, including protein powders, shakes, oats and millet pancakes, and dosa mixes. These offerings are designed to be free from preservatives and added sugars, while maintaining great taste and optimal nutrition. By providing these health products, Foodstrong aims to help consumers achieve their nutritional needs, particularly in terms of protein intake, thereby supporting their overall well-being.

Milky Mist Dairy Foods

Debt Financing in 2021
Milky Mist Dairy Foods, established in 1997 by T. Sathish Kumar, is a prominent dairy product manufacturer based in Perundurai, near Erode district in Tamil Nadu, India. The company specializes in milk procurement, processing, and production of various dairy items such as curd, fresh cream, butter, ghee, cheese, and paneer, catering to local nutritional needs.
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