Alteria Capital Closes Fund III with $195 Million, Eyes Expansion in Venture Debt Space
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Alteria Capital, a well-known venture debt firm located in Mumbai, has successfully completed its third fund for Rs 1,550 crore, or nearly $195 million. This achievement is a key milestone for the company as it continues to play an important role in helping the growth of startups in a variety of industries.
The newly closed fund, together with another shorter-duration plan, is estimated to have a total value of $250 million to $300 million. This sizable capital pool demonstrates Alteria Capital’s commitment to providing critical financial support to developing enterprises in the Indian startup ecosystem.
Alteria Capital has created a strong portfolio over the years by investing in promising firms including Rebel Foods, BlueStone, OneCard, Ather, and Captain Fresh. With Fund-III’s final close, the business is prepared to cement its position as a market leader in venture debt.
Alteria Capital’s venture debt fund intends to provide debt financing of up to Rs 200 crore to firms that have already received venture capital financing. This technique allows entrepreneurs to raise extra funding without diluting stock, therefore supporting their growth goals while keeping ownership control.
According to a statement issued by Alteria Capital, approximately half of Fund III’s total capital commitments have already been spent to support a varied variety of portfolio firms. These include well-known brands like OneCard, Renee Cosmetics, Samunnati, Blissclub, Giva, Lead School, Kissht, Traya, and Ather, among others.
In addition to Fund-III, Alteria Capital has created a shorter-term plan to meet the specialized funding needs of consumer and fintech firms. This program demonstrates the firm’s agility and response to changing market circumstances, as it aims to deliver specialized financial solutions to match the specific needs of startups.
The shorter-duration program is intended to strengthen startups’ balance sheets by providing them with short-term cash infusions, thereby improving their financial operations. Alteria Capital seeks to empower businesses by providing flexible funding choices, allowing them to better handle hurdles and capitalize on growth possibilities.
Looking ahead, Alteria Capital is aggressively soliciting money for the shorter-term scheme and hopes to complete the process by the end of 2024. With its enhanced capital base and focused investment strategy, the business is well-positioned to encourage innovation, foster entrepreneurship, and contribute to the sustained expansion of India’s startup ecosystem.
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