You can be on Entrepreneur’s cover!

Alteria Capital Closes Its Third Venture Debt Fund at USD 195 Mn In order to address the operating capital requirements of startups, Alteria Capital has a twin scheme strategy for its third fund, which consists of a venture debt scheme and a shorter duration scheme.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Vinod Murali, Co-founder and Managing Partner of Alteria Capital

Mumbai-based venture debt firm Alteria Capital has announced the final close of its third fund at INR 1,550 crore (USD 195 million).

According to an official release, the Alteria Capital Fund III Venture Debt Scheme, which has a target size of Rs 1,000 crore and a green shoe option, was substantially oversubscribed. This scheme will continue to back startups that have already raised VC funding and provide them with a range of specialty debt solutions upto INR 200 crore per company.

The fund will keep supporting entrepreneurs in the fields of consumer brands, e-commerce, logistics, business-to-business platforms, fintech, agritech, rural and agribusiness, healthcare, and climate technology. It will also assess businesses in the spacetech and Gen AI domains.

50% of the total capital commitments made by the fund have already been allocated to portfolio firms, which include: One Card; Renee Cosmetics; Samunnati; BlissClub; Rebel Foods; Giva; Lead School; Kissht; Captain Fresh; Traya; BlueStone; and Ather.

In order to address the operating capital requirements of startups, Alteria Capital has a twin scheme strategy for its third fund, which consists of a venture debt scheme and a shorter duration scheme.

It has also begun to raise money for the shorter duration scheme and plans to close the process by the end of 2024.

Vinod Murali, Co-founder and Managing Partner of Alteria Capital, said, "We are constantly learning from our founders to adapt to their evolving capital needs and the strategy to split our fund into two schemes with different propositions arises from the fact that startups need innovative solutions across different use cases, tenors and price points. We wanted to align our investors to these expectations and ensure that the Founder-LP fit is appropriately designed."

Founded in 2018, Alteria Capital has backed 107 venture debt deals by 2023 and has assets under management (AUM) of INR 4,350 crore across three funds.

The platform claims that within the past 15 years, it has backed more than 250 startups and has more than 180 portfolio firms.

Punit Shah, Managing Partner of Alteria Capital, added, "The Shorter Duration Scheme will focus on filling a wide gap that exists for companies that have short term cash flow mismatches within their operating cycles as well as playing a central role in providing capital to fintech companies for bolstering their on-lending needs."

Entrepreneur Staff

Entrepreneur Staff


News and Trends

Healthcare Startup Medulance Raises USD 3 Mn in Series A Led by Alkemi Growth Capital

The Delhi-based platform aims to deploy the funds to increase its presence across the country while focusing on emergency management technology.

Growing a Business

Demand For This Workforce Is Soaring – Here's How You Can Capitalize On This Thriving Talent Pool to Drive Your Company's Growth

Top platforms and practical tips for capitalizing on specialized independent talent.

News and Trends

Nikhil Kamath's WTFund Invites Applications from April 15 from Young Entrepreneurs

The new sector-agnostic fund will offer a package including a non-dilutive grant of INR 20 lakh and will enable founders to retain full equity in their ventures.

Growing a Business

5 Entrepreneurial Mindsets That Drive Success

Here are the mindsets shared by the most successful entrepreneurs.

Growing a Business

This Revolutionary Tool Will Streamline Your Sales and Workload — Here's How You Can Harness It Today.

Custom GPTs are revolutionizing sales operations in 2024 by enabling personalized automation that boosts efficiency and conversions. These tailored AI solutions enhance customer interactions and streamline workflows, marking a significant advancement in sales technology.


Representation In AI Development Matters — Follow These 5 Principles to Make AI More Inclusive For All

Four out of five leaders and other execs want to learn more about how to use AI in their professional roles, but how can you craft it to also make diversity and inclusion a collective North Star?