Indian venture debt firm raises $242m in final close of second fund

Alteria Capital, an India-based venture debt firm, has announced the final close of its second fund.

More details

• Investors: Domestic institutions, large family offices, corporate professionals, VC firms, and startup founders
• Amount raised: 18 billion rupees (US$242 million)
• Target amount: US$134.5 million (oversubscribed almost 2x)
• Average ticket size for investments: Up to US$27 million
• Sectors: Consumer tech, health tech, and technology

More company updates

• The company will use the capital to back early and growth-stage startups that have already raised VC funding.
• The second fund has already deployed 35% of its capital and funded more than 20 companies.
• Some of Alteria Capital’s larger portfolio companies are Rebel Foods, BharatPe, Infra Market, Spinny, Cars24, Mensa Brands, DealShare, ZestMoney, Dunzo, Toppr, and Stanza Living.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.

Currency converted from Indian rupees to US dollars: US$1 = 74.3 rupees.