Vector Capital, a Delhi-based venture debt company that offers funded start-ups a more efficient method of acquiring speedy capital for their operations, announced that it has launched a fund with a focus to provide capital to new and innovative VC funded start-ups.
“The Vector Capital investment thesis is to focus on ventures in Consumer Internet, Enterprise SAAS, Education & Healthcare, BFSI, and Retail & Hospitality Sectors,” the company said.
“Vector Capital has funded some leading ventures, and it is driven by a deep conviction that money without empathy is just money and not desirable,” the company added.
“We consider ourselves a boutique, profoundly engaging firm that creates value by building relationships with our mantra being ‘fast capital’,” says Sidharth Agarwal, CEO of Vector Capital. “We founded Vector Capital based on values of thought leadership, connecting our venture partners to our global & local network for their business growth, and, most of all, giving them a tailor-made credit solution that works for them.”
In November 2019, Vector Capital has lent venture debt for Rs 10 million to Nextenders, a web-based procurement and tendering solutions company, for a period of one year to help the company extend its working capital runway for its new Philippines project.
“Venture debt has supported us to efficiently and quickly raise and manage our short-term and project based working capital requirements, allowing us to focus on project execution. Not having to worry about EMIs is a great benefit, as we are able to link the venture debt repayment with project milestone payments” says Tapan Mehta, CEO of Nextenders.
Vector Capital has been co-founded by Sidharth Agarwal, Navyug Mohnot, Rahul Gupta and Pulkit Jain.
Established in September 2019 and headquartered in Delhi NCR, Vector Capital is a venture debt company, which offers funded start-ups an alternative, less expensive, more efficient method of acquiring speedy capital for their operations and imminent scaling.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.