Dhruv Kapoor, formerly a partner at Russia-based conglomerate Sistema’s Asia Capital subsidiary, has joined India-headquartered investment firm Anicut to head up a fund it is currently raising.
Sistema hired Kapoor in 2015 as an India-based partner and focused on early growth-stage consumer technology and software-as-a-service developers. Although Sistema has not made an investment since Russia’s invasion of Ukraine in February this year, he departed in December 2021, before joining Anicut last month.
Kapoor had taken board seats at Asia Capital portfolio companies including online meat product marketplace Licious, buy now, pay later service Kissht and social commerce platform developer Wooplr during his time at the unit.
Anicut has appointed Kapoor to lead its Anicut Opportunities Fund I, which reached a Rs 1.1bn ($14.2m) first close this week. It has a Rs 5bn target for its final close and is slated to provide equity funding for between 10 and 15 companies at growth stage in the next two years.
Prior to joining Sistema, Kapoor had spent eight years at India-based venture capital firm Helion Ventures from 2008, most recently as a vice-president and part of its mobility team.
Photo of Dhruv Kapoor courtesy of Twitter.
