Ankur Capital to enter venture debt space, in talks to start third fund

Out of the second fund which has a target corpus of Rs 350 crore, the VC firm is looking at investing in around 20 start-ups in a span of 3-4 years beginning this year

After backing 14 start-ups, early-stage venture capital (VC) firms, Ankur Capital is now evaluating to enter the venture debt space, said a top company executive.
 
“There is a possibility for us to provide venture debt in the space in addition to what we are already doing,” said Ritu Verma, co-founder and managing partner, Ankur Capital.
 
The Mumbai-headquartered VC firm, which recently closed the first round of its second fund at Rs 240 crore, is already in discussions to start a third fund that could run parallel with the second one. The second fund of Rs 350-crore is likely