The third fund’s final close, valued at Rs 1,550 crore (roughly $187 million), was announced by Mumbai-based venture debt firm Alteria Capital. With a green shoe option and a target size of Rs 1,000 crore, the fund was oversubscribed.
In addition to Rebel Foods, BlueStone, OneCard, Ather, and Captain Fresh, Alteria Capital will continue to support startups in the fields of consumer brands, e-commerce, fintech, logistics, business-to-business platforms, rural and agritech, healthcare, and climate tech.
It will also assess businesses in the spacetech and general artificial intelligence domains.
The shorter duration scheme, which is presently accepting subscriptions, is anticipated to raise about $105 million, whereas the venture debt scheme was closed at Rs 1,550 crore.
By the end of 2024, the shorter duration scheme is most likely to come to an end. With an average check size of between Rs 3 crore and Rs 100 crore, it will be accessible to all portfolio companies.
50% of the fund’s total capital commitments have already been allocated to portfolio companies, such as Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone, Ather, Renee Cosmetics, Samunnati, Blissclub, and OneCard.
