Venture Debt Funds
Stride Ventures announces surpassing $1 billion in venture debt commitments
The firm said this milestone cements Stride Ventures' leadership as the first Indian fund in this segment to achieve this scale. It has also launched $300 mn Fund IV
 "Stride Ventures announces surpassing $1 billion in venture debt commitments")
Stride Ventures rolls out $300 mn 4th fund as venture debt gains traction
Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others
 "Stride Ventures rolls out $300 mn 4th fund as venture debt gains traction")
Fundraise through venture debt up 50% in 2023; equity funding down 70%
Indian startups cumulatively raised $1.2 billion in venture debt investments across around 175-190 deals last year, a 50 per cent rise from $800 million raised across 170-180 deals in 2022
 "Fundraise through venture debt up 50% in 2023; equity funding down 70%")
Stride Ventures announces first close of third venture debt fund at $100 mn
Firm invests in startups that exhibit robust business models and strong unit economics
 "Stride Ventures announces first close of third venture debt fund at $100 mn")
Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride
Company will use the financing to add more batteries to its network and expand services
 "Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride")
Instant food brand Yu raises Rs 20 cr funding for business expansion
Company says it will 'aggressively expand' presence in US, Africa and West Asia
 "Instant food brand Yu raises Rs 20 cr funding for business expansion")
Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue
Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday
 "Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue")
BlackSoil crosses $300 mn in venture debt deals, predicts robust market
Company that provides debt capital says its assets under management have grown 55% YoY
 "BlackSoil crosses $300 mn in venture debt deals, predicts robust market")
Startups increasingly raising venture debt as investors fear funding winter
Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle
 "Startups increasingly raising venture debt as investors fear funding winter")
Trifecta Capital raises second venture fund in a year with $100-mn corpus
Trifecta Capital has committed Rs 3,500 crore in venture debt and equity investments across more than 85 start-ups till date
 "Trifecta Capital raises second venture fund in a year with $100-mn corpus")
Alteria announces final close of second venture debt fund at Rs 1,800 cr
Alteria Capital Fund II will be the largest pool of alternative debt capital available for early and growth-stage start-ups in India
 "Alteria announces final close of second venture debt fund at Rs 1,800 cr")
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
 "Ankur Capital to enter venture debt space, in talks to start third fund")
Banks develop a taste for venture capital after Sidbi backed new VC firms
Alteria Capital, the venture debt fund floated by Hattangdi and his former colleague Vinod Murali, has roped in a public sector bank and a private bank
 "Banks develop a taste for venture capital after Sidbi backed new VC firms")
