India: Tech startups turn to venture debt as funding volume dips

Photo: Pixabay

As early to late-stage startups rush to raise crucial capital to extend their operating runways, many have turned to the venture debt route to finance their working capital and operational expenditure requirements.

In recent weeks, more than 100 startups have expressed their interest to raise debt from at least three different venture debt investors that Mint spoke with. Technology startups in logistics, hyperlocal delivery, agritech, and SaaS segments were the largest seekers for venture debt, investors said.

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