While venture debt investments slowed in 2024, the asset class has expanded significantly over the last seven years, increasing 15-fold from just $80 million in 2018.
While the firm is yet to mark the final close of SDS, it has already invested in companies such as Ivy Homes, Swara Fincare, Moneyview and TEN x YOU through the fund. Alteria plans to make as many as 50 investments over the next 2.5 years via SDS.
With over ₹6,000 crore deployed across 200 startups, the firm has been a key player in India’s startup ecosystem
Ather plans to raise Rs 3,100 crore from fresh issue of shares, of which Rs 378.2 crore will go towards repayment of loans to Alteria Capital (Fund I and II), Innoven Capital India Fund, Stride Venture Debt (Fund II and III) and Nuvama Crossover Yield Opportunities Fund
Alteria has also launched a new 'shorter duration scheme', which is open for subscription and will likely take the total size of Fund III to $250-$300 million by the end of 2024
Trifecta also plans to launch its second growth-stage equity fund, Trifecta Leaders Fund 2, by early 2025.
This comes in contrast to Venture Capital (VC) investment in the Indian startup ecosystem, which experienced a significant funding downturn last year, a report by investment firm Stride Ventures notes.
Sharma expects venture capital deployment this year to be around $11-$12 billion and to grow at sustainable rate from here
The new fund saw participation from both existing and new investors including some large global financial institutions, domestic conglomerates, banks, insurance companies, development financial institutions, public sector entities, and family offices
StrideOne, an NBFC, sees synergies in getting access to LetsVenture’s network of 18,000 angel and institutional investors to offer more financial solutions to its startup ecosystem, according to sources.