We saw zero losses through two waves of Covid: Alteria's Vinod Murali

Alteria Capital is on track to commit over $200 mn of venture debt this year

Alteria Capital, a venture debt firm that raised its second fund in October from domestic LPs and counts companies like Rebel Foods, BharatPe, Infra.mart, Dunzo, Mensa Brands, Spinny as portfolio companies. Alteria’s managing partner Vinod Murali in an interview with Deepsekhar Choudhury talks about returns from the first fund, Alteria's evolving investment thesis, how unicorns are impacting the venture debt game, and more.

Alteria raised its first venture debt fund of Rs 1,000 crore in 2018 and now you have closed your second fund at Rs 1,800 crore. What has changed between then and now?

In 2018, it was unimaginable to raise