TLDR:
- Alteria Capital has closed its third fund at USD 195 million.
- The fund consists of a venture debt scheme and a shorter duration scheme to address the capital needs of startups.
Mumbai-based venture debt firm, Alteria Capital, has closed its third fund at INR 1,550 crore (USD 195 million). The fund, which includes a venture debt scheme, was oversubscribed and will support startups in various sectors such as consumer brands, e-commerce, fintech, and more. The fund has already allocated 50% of its capital commitments to portfolio firms like One Card, Samunnati, Rebel Foods, and more.
The company has a twin scheme strategy for its fund, with plans to raise money for the shorter duration scheme by the end of 2024. Alteria Capital has backed 107 venture debt deals and has assets under management of INR 4,350 crore. The platform aims to provide innovative solutions to startups with evolving capital needs and plans to support companies with short-term cash flow mismatches.
