VentureSoul Partners, a notable venture debt firm, has announced the launch of its first debt fund, VentureSoul Capital Fund I, with an ambitious target corpus of Rs 600 crore ($72 million).
The fund, classified under SEBI-registered Category II AIF, has already attracted commitments from a diverse group of investors, including family offices, corporates, high-net-worth individuals (HNIs), and other prominent investors. Leading the pack as the anchor investor is the pharmaceutical giant Micro Labs. The fund also sees participation from high-profile CXOs like E Madhusudan, founder of Kreditbee, Abhishek Khemka of Baazar Kolkata, and Ponnuswami M from Pure Chemicals Group.
Founded by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa, VentureSoul Partners takes a sector-agnostic approach but plans to focus predominantly on startups within the fintech, B2C, B2B, and SaaS sectors. The objective of the fund is to provide growth capital to startups that have a proven revenue model and are at the Series A stage or beyond.
VentureSoul Capital Fund I is gearing up for its first close soon, aiming to fuel the expansion of promising startups and contribute significantly to the entrepreneurial ecosystem.
