'Investors expect pre-tax returns of 17-18% from venture debt'

In a Q&A, Ajay Hattangdi shares his plans and prospects for venture debt in India

Ajay Hattangdi and Vinod Murali, former executives at venture debt firm InnoVen Capital, are planning to launch their own venture debt firm Alteria Capital. Ajay Hattangdi, in an interview with Ranju Sarkar, shares his plans and prospects for venture debt in India.

What’s the concept (of your fund)?

We are doing a venture debt fund, but in a fund concept. We have named the business Arteria Capital. Idea is to run this business as an independent fund with external Limited Partners commitment. We are looking to raise $125 million fund, with a $30 million as the green shoe. We will raise money