Alteria Capital, a Venture debt firm, has raised Rs 1,325 crore for its second fund.
“The fund, which is targeting a final close at Rs 1,500-Rs 1,700 crore by September, will look to back more startups through its debt solutions,” stated founder and managing partner at Alteria Capital – Vinod Murali.
“With the second fund, the venture debt provider will target startups across early and growth stages with cheque sizes up to ₹150 crore. There will also be an allocation for structured debt products aimed for late-stage companies,” informed the company.
“We are honored to have the confidence of our investors and be able to raise the fund in such a short period of time in spite of the ongoing challenges of the global pandemic. But we are very aware of our responsibility to deliver attractive returns to our investors, and will continue to partner with high quality equity sponsors, while supporting the development of innovative companies,” added co-founder and managing partner of Alteria Capital – Ajay Hattangdi.
Alteria Capital is a venture debt fund focused on innovative startups backed by VC sponsors. Venture debt is an alternative form of financing for startups which helps augment equity capital. It enables founders to reduce dilution and improve their ownership as it is predominantly in the form of debt with a small equity kicker.
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