Its Venture Debt Scheme has been significantly oversubscribed with a final close at Rs 1,550 crore
Freightify helps power digital transformation of Freight forwarders through their suite of proprietary products
The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors
Alteria, counted among the top three venture debt firms in India, boasts of Rs 2,800 cr in AUM and a portfolio that includes at least eight startups valued at $1 bn or above
Alteria Capital is on track to commit over $200 mn of venture debt this year
Alteria Capital Fund II will be the largest pool of alternative debt capital available for early and growth-stage start-ups in India
Pratilipi has over 350,000 writers who have published over 4.5 million stories in 10 Indian languages including Hindi, Gujarati, Bengali, Marathi, Kannada, Urdu, and English among others.
This venture debt round comes after a $25 million equity round concluded in January 2021
Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised Rs 24 crore from Alteria Capital to expand smart lithium-ion batteries swapping stations across India
BharatPe said it has raised Rs 139 crore in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants
Greenshoe of Rs 750 crore over target corpus likely if demand persists
Alteria Capital's portfolio includes Faasos, Lendingkart, ZestMoney, Vogo, Toppr, Raw Pressery, Universal Sportsbiz, Dunzo
There's a lot of interest from banks to invest in venture debt as it can offer 10-12 per cent in post-tax returns with potential equity upsides
In a Q&A, Ajay Hattangdi shares his plans and prospects for venture debt in India