Indian venture debt provider Alteria Capital Advisors, which has backed the likes of Indian startups BharatPe and Dunzo, on Thursday said it has closed the venture debt part of its third fund at an oversubscribed $195 million.
Fund III adopts a twin-scheme strategy, comprising a venture debt scheme and a shorter duration scheme, aimed at meeting the diverse capital needs of Indian founders. It aims to raise $250-300 million in total, with the shorter duration scheme still open for subscription and expected to close by the end of 2024.
