Edtech startup Sunstone, which focuses on higher education, announced it has raised USD 35 million, about Rs 280 crore, in a funding round led by WestBridge Capital, according to PTI report. The funding round also saw participation from Alteria Capital. Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised USD 28 million in…
Jumbotail, India’s leading New Retail platform and B2B marketplace for food and grocery products, has raised INR 35 Crore from Alteria Capital. This venture debt round comes after a $25M equity round concluded in January 2021. The company plans to use the funds to expand its operations across the entire country, fund its working capital…
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,…
Binny Bansal and the Azim Premji Foundation backed Alteria Capital is planning to raise Rs 1000 crore and a green-shoe option of Rs 750 crore after receiving approval from the Securities and Exchange Board of India Rebel Foods, Lendingkart, Zestmoney, Dunzo, Portea, Toppr, Spinny, Stanza, Vogo, Melorra, Mfine, Generico, Loadshare, LBB, Maverix, Country Delight, Clover,…
DaMENSCH, a Bengaluru-based designer and seller of men’s apparel, has raised around Rs 50 crore in its Series A funding round. The funding was led by Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital. Founded in 2018 by Anurag Saboo and Gaurav Pushkar, DaMENSCH’s product portfolio comprises a range of innerwear that…
Melorra announced that it has raised $12.50 million in funding from Symphony Asia, Lightbox Ventures and Alteria Capital. Existing investors and new family offices of Burman, Jeejeebhoy, others also participated in the funding round. The startup will use the funds for technological innovations, product innovations, and marketing to grow the brand awareness and position Melorra…
Stanza Living, a shared living company offering dedicated solutions for students and working professionals across 10+ cities in India, announced that it will be investing Rs 400 crore over the next two years, according to a YourStory report. The investment will be aimed at expanding its rental accommodation business. The company is backed by marquee…
Clover Ventures Pvt. Ltd, which operates as an agricultural-technology firm focussed on providing greenhouse-grown fresh produce, announced it has raised Rs 7 crore in debt funding from Alteria Capital. Existing investors that took part in the debt funding round include venture capital firm Omnivore, Accel and Mayfield India. “The recently closed Series A round alongside…
LoadShare, a Bengaluru-based tech-enabled logistics platform, announced it has raised Rs 100 crore funding led by Beenext. Other investors that took part in the funding round include CDC Group and existing investors Stellaris Venture Partners, Matrix Partners and venture debt fund Alteria Capital. The company plans to use the funds to deepen its ‘essentials’ supply…
LoadShare, the Bengaluru-based logistics startup, has raised Rs 15.3 crore funding as part of its ongoing Series B round, led by CDC Group of UK. Prior to this financing round, the company had raised a cumulative funding of $5 million with investors such as Matrix Venture Partners and Stellaris Venture Partners. Besides, it has also…
Spinny, an online platform for selling used cars, announced it has raised $43.7 million Series-B funding led by Fundamentum Partnership along with US-based General Catalyst Partners, South Korea-based KB Financial Group. Existing investors such as Accel, SAIF Partners and Alteria Capital also participated in the funding round. Post funding, the company is valued at nearly…
Bennett Coleman and Company Ltd (BCCL), which runs the Times Group, recently announced that it has picked up an equity stake in cloud kitchen startup Rebel Foods. According to a company filing, accessed by Inc42, the company said it has converted BCCL’s five-share warrants from 2017 into 714 equity shares worth ₹16.25Cr ($2.2 Mn). The…
Generico, a generic medicine focussed retail chain in Mumbai, has raised $1.39 million in Series A from venture debt fund Alteria Capital. The investment was a part of Alteria’s venture debt fund of $134 million, which got its final close in July 2019. The company was founded by Siddharth Gadia and Girish Agarwal in 2013.…