Anicut Capital

Anicut Capital is an asset management firm headquartered in Chennai, India, established in the mid-2010s by professionals with backgrounds in commercial, private, and investment banking. It focuses on debt financing for consumer goods companies across India and also engages in venture investments across sectors including consumer-focused services, media, retail, information technology, the Internet of Things, and software as a service.

Ajay Anand

Partner, Seed Fund

I A S Balamurugan

Co-Founder and Managing Partner

Ilayaarunachalam Balamurugan

Co-Founder, Managing Partner and Member of Investment Committee

IAS Balamurugan

Managing Partner

Adithya Bharadwaj

Vice President

Ashvin Chadha

Managing Partner

A. Jayaseelan

Partner, Private Credit

Dhruv Kapoor

Partner, Growth Equity

Veenu Mittal

CFO

Harsh Mohan

Analyst

Ankita Poddar

Associate

Dhruv Ranjan

Associate

Pranav Visvesh

Associate

Past deals in Food Processing

MasterChow

Series A in 2024
MasterChow is a ready-to-cook Asian cuisine brand that offers premium pantry staples such as noodles, stir-fry sauces, and dips, as well as a range of Asian sauces, noodles, and condiments designed to add flavor and fragrance to meals. The company's products include noodles and hampers featuring flavored sauces like holy basil, chili and garlic, hot and spicy, and black bean and garlic, enabling consumers to create restaurant-style dishes at home with straightforward, step-by-step instructions.

Wheelocity

Debt Financing in 2024
Wheelocity is an Indian supply chain network that aims to reduce malnutrition by minimizing food waste through technology-enabled fresh-commerce networks. It operates an integrated ecosystem of collection centers, distribution centers, dark stores, and first- and mid-mile logistics to move fresh produce such as fruits, vegetables, dairy, poultry, and meat efficiently. By leveraging AI and IoT, Wheelocity enhances transparency, efficiency, and inventory control across its nationwide network, delivering faster, more reliable access from farm to plate. Founded in 2021, the company seeks to reshape India’s fresh produce market with an innovative, tech-powered approach to supply chains, ultimately lowering costs, preserving quality, and reducing waste.

Wheelocity

Series A in 2024
Wheelocity is an Indian supply chain network that aims to reduce malnutrition by minimizing food waste through technology-enabled fresh-commerce networks. It operates an integrated ecosystem of collection centers, distribution centers, dark stores, and first- and mid-mile logistics to move fresh produce such as fruits, vegetables, dairy, poultry, and meat efficiently. By leveraging AI and IoT, Wheelocity enhances transparency, efficiency, and inventory control across its nationwide network, delivering faster, more reliable access from farm to plate. Founded in 2021, the company seeks to reshape India’s fresh produce market with an innovative, tech-powered approach to supply chains, ultimately lowering costs, preserving quality, and reducing waste.

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 an Indian supply chain network that aims to reduce malnutrition by minimizing food waste through technology-enabled fresh-commerce networks. It operates an integrated ecosystem of collection centers, distribution centers, dark stores, and first- and mid-mile logistics to move fresh produce such as fruits, vegetables, dairy, poultry, and meat efficiently. By leveraging AI and IoT, Wheelocity enhances transparency, efficiency, and inventory control across its nationwide network, delivering faster, more reliable access from farm to plate. Founded in 2021, the company seeks to reshape India’s fresh produce market with an innovative, tech-powered approach to supply chains, ultimately lowering costs, preserving quality, and reducing waste.

Wheelocity

Series A in 2022
Wheelocity is an Indian supply chain network that aims to reduce malnutrition by minimizing food waste through technology-enabled fresh-commerce networks. It operates an integrated ecosystem of collection centers, distribution centers, dark stores, and first- and mid-mile logistics to move fresh produce such as fruits, vegetables, dairy, poultry, and meat efficiently. By leveraging AI and IoT, Wheelocity enhances transparency, efficiency, and inventory control across its nationwide network, delivering faster, more reliable access from farm to plate. Founded in 2021, the company seeks to reshape India’s fresh produce market with an innovative, tech-powered approach to supply chains, ultimately lowering costs, preserving quality, and reducing waste.

Kytchens

Seed Round in 2022
Kytchens operates a cloud kitchen network that supports food brands in scaling their online delivery services. It offers a full-stack 'Kitchen as a Service' platform, managing the entire customer experience journey from order acceptance to delivery, enabling brands to expand sustainably and rapidly with minimal resources.

MasterChow

Seed Round in 2022
MasterChow is a ready-to-cook Asian cuisine brand that offers premium pantry staples such as noodles, stir-fry sauces, and dips, as well as a range of Asian sauces, noodles, and condiments designed to add flavor and fragrance to meals. The company's products include noodles and hampers featuring flavored sauces like holy basil, chili and garlic, hot and spicy, and black bean and garlic, enabling consumers to create restaurant-style dishes at home with straightforward, step-by-step instructions.

Foodstrong

Seed Round in 2022
Foodstrong is a health-focused food and beverage company specializing in the production and distribution of nutritional products. Its offerings include protein powders, shakes, and other health supplements designed to meet dietary needs and promote overall well-being.

Milky Mist Dairy

Debt Financing in 2021
Milky Mist Dairy is a major Indian dairy products manufacturer based in Perundurai, Tamil Nadu, about 20 km from Erode. Founded in 1997 by T. Sathish Kumar, the company sources milk, processes it, and manufactures a range of dairy products. Its product line includes curd, cream, butter, ghee, cheese, and paneer, reflecting a focus on everyday nutrition through reliable dairy offerings.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.