Antares Legal has advised Anicut Capital on investing ₹50 crore in Sedna HoReCa.

The firm advised on due diligence aspects and deal documentation.

The transaction team was led by Siddharth Bhavnani (Partner) and Moksh Roy (Associate).

Sedna HoReCa, founded by Mahadevan Narayanamoni and Saurabh Pandey—who previously co-founded Aknamed—aims to unify India's fragmented hospitality supply chain through a tech-driven, full-stack solution. The company operates across three core verticals: SaaS solutions (including inventory management and POS systems), commerce and logistics (featuring a supply distribution network and tailored logistics services), and food services (offering ready-to-cook and ready-to-serve products).

Anicut Capital is a Chennai-based alternative investment firm founded in 2016, specializing in providing both debt and equity financing to startups and small to medium-sized enterprises (SMEs) across India. The firm adopts a sector-agnostic approach, supporting companies at various stages of growth, from early-stage ventures to those preparing for public listings. Anicut manages multiple funds, including private credit, seed, growth equity, and late-stage equity funds, with a cumulative assets under management (AUM) exceeding INR 3,500 crore.

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