Venture debt firm Alteria Capital readies new Rs 1,000-crore fund

Greenshoe of Rs 750 crore over target corpus likely if demand persists

Venture debt company Alteria Capital will be raising a second fund of Rs 1,000 crore, with a green-shoe of Rs 750 crore, said the firm’s top executive.

The venture debt fund, which has invested in over 30 start-ups so far — such as Dunzo, Rebel Foods, Lendingkart, Zestmoney, Portea, and Toppr — has already received an approval from capital markers regulator Securities and Exchange Board of India, and is expected to have the first closure by the end of the March 2021 quarter.

“Through this fund, we will target start-ups across early and growth stages with cheque size up to Rs 150