Anicut Capital

“Win Green Farms again, very early you know great company just did an acquisition of Raw Pressery that company is doing really, really well.”

“The first 30 deals we did from our own balance sheet.”

“We are very long term in nature on the equity bets that we take. So we are very happy to stay the course and eventually exit when, you know, the company is going for an IPO or the founder is ready to sell the business. So on the equity side, we take a very, ve…”

“We're gonna see you know, not just in our portfolio, but in general, we're gonna see a thousand X becoming what 10 X and hundred X were in their timeframe. Very soon. So you're gonna see Those kinds of returns are being generated. There's already a few compani…”

“Personally, for instance, when founders are really struggling unable to make payroll or things like that, you know we've given them a short term loan that effectively we had written off, right?”

“We actually put 10 to 20% of our own capital in every deal. So it's somewhere between a fund and a pure syndicate model.”

“We manage about a thousand crores of capital across two credit funds.”

“We sort of led a three million dollar round An equity round for them, which was done at a much lower valuation, but you know, that seemed fair at that time, right? So we needed that capital to restart operations.”

“More recently, about a year and a half ago, we launched our first Angel AIF. So there we've been particularly active over the last 18 months. We've done north of 30 transactions there.”

“Whereas on the debt business, we have delivered something like net of fees for the last five almost five years 1718 quarters. We've delivered about 13, 13 and a half percent net of fees in our funds.”

“So we are early investors in the company on the equity side. And we give them money to get money to finance the acquisition of wrong. So, so we are both on the both sides of the cap table, equity and debt.”

“Vinita and Kaushik of Sugar. We invested, we were the first lender to them from the Annika debt fund. And this was before the a-ninety-one round.”

“There was an opportunity that they had in an internal bridge round that only insiders were doing and we were able to get some allocation there. So that's about a year ago or just about.”

“That business effectively went to zero for the first quarter of last year, April, May, June. We had zero sales because logistics were closed. Warehouses were closed.”

“Lending cart is from initially, you know, losing a lot of money because for running for growth is, you know, tremendously profitable now. So then I think that I, I'm very confident I'll see, we'll see an IPO in the next two, three years as well.”

“Our view is we, on the debt side, if we can avoid litigation, NCLT, bankruptcy, et cetera to do settlements as much as we can, to do restructuring if required, give people, founders more time. If they're good founders, if you haven't funded a fraud you will ge…”

“So they pivoted and that company over the last you know, I can say that in the last three months, the cashflow that they're generating is probably going to be more than not three months, but let's say this year, the cashflow that they generate will be more tha…”

“I think that for instance, for me is again, a story for the next five years, seven years I am sure we will see Bira being listed on the Indian markets.”

“And interestingly, Siddharth, we've raised all that thousand crores without a single distributor.”

“No, no, we have not sold any shares that I think it's too early for us in the journey, but of course it's one of those where, you know, the valuation has gone up significantly since we invested”

“Two of our financial services companies are IPO this year. They are Apters and Five Star.”

“We've actually backed founders who we had backed in the past and did not have a successful journey.”

“And I always kid to our team that usually the first deal is your worst deal. Because you're in a hurry to do it. You want to show this, that first and last deals of a portfolio are ones that you should never back on.”