In a significant move within India’s venture capital landscape, Alteria Capital, a Mumbai-based venture debt firm, has successfully closed its third fund at Rs 1,550 crore (approximately $187 million). Targeted initially at Rs 1,000 crore, the fund witnessed oversubscription, demonstrating robust investor confidence in Alteria’s investment strategy.
Alteria Capital’s portfolio boasts notable startups such as Rebel Foods, BlueStone, OneCard, Ather, and Captain Fresh. With this new capital infusion, the firm reaffirms its commitment to supporting emerging businesses across diverse sectors, including consumer brands, e-commerce, fintech, logistics, agritech, healthcare, and climate tech. Additionally, Alteria Capital aims to explore opportunities in cutting-edge fields like Gen AI and space tech, reflecting its forward-looking investment approach.
Notably, alongside the closure of the Rs 1,550 crore venture debt scheme, Alteria Capital is finalizing a shorter duration scheme, anticipated to raise approximately $105 million. This scheme is tailored to cater to portfolio companies, offering cheque sizes ranging from Rs 3 crore to Rs 100 crore, and is slated for closure by the end of 2024.
The deployment of 50% of the total capital commitments underscores Alteria Capital’s proactive investment strategy. Among the notable beneficiaries of this capital infusion are companies like OneCard, Renee Cosmetics, Samunnati, Blissclub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone, and Ather.
With its latest fundraising success, Alteria Capital strengthens its position in the venture debt space. It expands its scope to identify and nurture promising startups across various sectors, contributing to the growth and innovation of India’s entrepreneurial ecosystem.
