Alteria Capital is in talks to raise up to Rs3,500 crore

24 Aug 2022 , 08:45 AM

According to internal documents accessed by Reuters, Alteria Capital Advisors in India is in discussions with investors to raise up to Rs 3,500 crore for its third debt fund. The conversations, which take place less than a year after Alteria collected Rs 1,820 crore for its second fund, highlight the enormous interest in venture debt as Indian companies continue to attract billions of dollars despite the country’s economic difficulties.

According to Alteria’s presentation deck, which was seen by other relevant online news sources, the company plans to raise up to Rs2,000 crore for its primary venture debt fund, which will be a part of a dual-fund structure. The second fund termed “Scheme 2,” will have an overallotment-inclusive corpus of up to Rs1,500 crore. Startups will receive working financing from the secondary fund pool.

Alteria, one of the top three venture debt companies in India, boasts a portfolio of at least eight startups valued at $1 billion or more and Rs2,800 crore in assets under management. In 2017, former employees of Temasek-backed InnoVen Capital founded the Mumbai-based company.