# I A S Balamurugan

> I A S Balamurugan is a venture - series unknown investor at Anicut Capital backing FinTech. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Anicut Capital](https://shizune.co/investors/profile/anicut-capital)
- Location: Chennai, India
- Total investments: 5
- Last investment: Jan 2024
- Lead investor: 60%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/i-a-s-balamurugan-40b6196/

I A S Balamurugan is a venture - series unknown investor at Anicut Capital in Chennai focused on FinTech and Grocery. I A S Balamurugan - Co-Founder & Managing Partner @ Anicut Capital

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 1 | 20% |
| Grocery | 1 | 20% |
| Leasing | 1 | 20% |
| Organic | 1 | 20% |
| Hospital | 1 | 20% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 2 | 40% |
| Seed | 1 | 20% |
| Series A | 1 | 20% |
| Series B | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Grip Invest | Grip is an investment platform that allows retail investors to make small-ticket investments in physical assets that earn lease income. Grip lists curated investment leasing opportunities on its platform. Investors browse through the active assets to review financial details, lease terms, and return expectations and identify the right investmentopportunity, investors choose the investment amount and confirm their interest, investors make an online transfer of the committed amount to the dedicated bank account of the LLP, Grip continues to attract more co-investors for the active assets. | $8.4M | Series B | Jan 09, 2024 |  |
| Uzhavarbumi | UzhavarBumi Agro Products Pvt Ltd, founded in July 2017, is a fresh dairy products company based in Chennai, India. UB's prime motive is to establish direct trade between local farmers and consumers. UB provides fresh dairy products including milk, ghee and honey. Today UB is on the Tamilnadu's leading brands, merchandising fresh dairyproducts. | $856.6K | Venture - Series Unknown | May 04, 2023 |  |
| Grip Invest | Grip is an investment platform that allows retail investors to make small-ticket investments in physical assets that earn lease income. Grip lists curated investment leasing opportunities on its platform. Investors browse through the active assets to review financial details, lease terms, and return expectations and identify the right investmentopportunity, investors choose the investment amount and confirm their interest, investors make an online transfer of the committed amount to the dedicated bank account of the LLP, Grip continues to attract more co-investors for the active assets. | $3M | Series A | Aug 11, 2021 |  |
| Aknamed | Aknamed is streamlining the healthcare supply chain in India. It offers procurement solutions to hospital chains and mid-sized standalone hospitals with the help of its in-house technology and analytics tool SmartBUY. | $8.7M | Venture - Series Unknown | Jul 19, 2021 |  |
| Grip Invest | Grip is an investment platform that allows retail investors to make small-ticket investments in physical assets that earn lease income. Grip lists curated investment leasing opportunities on its platform. Investors browse through the active assets to review financial details, lease terms, and return expectations and identify the right investmentopportunity, investors choose the investment amount and confirm their interest, investors make an online transfer of the committed amount to the dedicated bank account of the LLP, Grip continues to attract more co-investors for the active assets. | $600K | Seed | Nov 25, 2020 |  |

5 of 5 investments shown.

## Co-investors
- [AdvantEdge Founders](https://shizune.co/investors/profile/advantedge-partners) — VC Fund, 2 deals together
- [Faad Network](https://shizune.co/investors/profile/faad-network) — VC Fund, 2 deals together
- [Gemba Capital](https://shizune.co/investors/profile/gemba-capital) — VC Fund, 2 deals together
- [Venture Highway](https://shizune.co/investors/profile/venture-highway-c733) — VC Fund, 2 deals together
- [Endiya Partners](https://shizune.co/investors/profile/endiya-partners) — VC Fund, 1 deal together
- [FMS Launchpad](https://shizune.co/investors/profile/fms-launchpad) — VC Fund, 1 deal together

## About Anicut Capital

VC Fund · Chennai, India

Anicut Capital is Founded by experienced professionals who have spent credible years of their career in Commercial, Private & Investment Banking at senior levels.

5 contacts available at Anicut Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Adithya Bharadwaj | Vice President | https://shizune.co/investors/profile/adithya-bharadwaj-39d9 |
| Ajay Anand | Partner | https://shizune.co/investors/profile/ajay-anand-ea58 |
| Ashvin Chadha | Co Founder | https://shizune.co/investors/profile/ashvin-chadha |
| I A S Balamurugan | Co-Founder & Managing Partner | https://shizune.co/investors/profile/i-a-s-balamurugan |
| Veenu Mittal | Chief Financial Officer | https://shizune.co/investors/profile/veenu-mittal |

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### Similar stage
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## FAQ

### What does I A S Balamurugan invest in?

I A S Balamurugan invests primarily in FinTech, Grocery and Leasing startups, most often at Venture - Series Unknown and Seed stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did I A S Balamurugan last invest?

The most recent investment recorded for I A S Balamurugan closed in Jan 2024. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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