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Venture debt / Private credit · Curated list

Alteria Capital

Debt / Venture debt · Private credit / Debt · Bengaluru

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At a glance

Stage focus
Debt / Venture debt
Primary sector
Private credit / Debt
HQ / office
1002A, Tower 1, 10th Floor, One International Center, Senapati Bapat Marg, Prabhadevi, Mumbai 400013, India (registered office). Second office in Gurugram, Haryana 122009. (Bengaluru office claim removed — not listed on the official contact page; the "After Hours Bengaluru" reference is an event, not an office.)
Fund registered
2017
Investments on record
8
Corpus (as reported)
~Rs 4,350 crore (~$522M) AUM across three funds (most commonly cited 2024 figure; the record's ~$540M/Rs 4,500 cr is slightly high). Fund III main Venture Debt Scheme closed Mar 2024 at Rs 1,550 cr (~$186-195M); the Fund III Shorter Duration Scheme (SDS) targets ~$100M with IFC as anchor LP (up to ~US$12M, 2024-25).
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About

Alteria Capital is India's largest dedicated venture debt fund manager, founded in 2017 by Vinod Murali and Ajay Hattangdi (pioneers of venture debt in India, formerly of InnoVen/SVB India lending business). It provides structured/secured debt financing to VC-backed startups and manages roughly Rs 4,350 crore (~$522M) across three SEBI-registered funds via the GP entities Alteria Capital Advisors LLP / Alteria Venture Partners LLP. Key people include Managing Partners Vinod Murali, Ankit Agarwal and Punit Shah, with Ajay Hattangdi as Co-Founder & Senior Advisor.

Investment focus

Venture debt for early- and late-stage VC-backed startups; sector-agnostic with concentration in consumer/D2C, fintech/digital lending, B2B platforms, SaaS, healthtech, climate tech/EV, and tech-driven MSMEs across India.

SEBI registration

SEBI AIF Category II — reported as “Venture debt / Cat II

  • IN/AIF2/17-18/0388
  • IN/AIF2/20-21/0843
  • IN/AIF2/22-23/1061
  • IN/AIF2/25-26/1877

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: ALTERIA CAPITAL FUND II - SCHEME I; Alteria capital India Fund I; Alteria Capital Fund III – Scheme A

Yes — on official SIDBI FFS supported-AIF list (ALTERIA CAPITAL FUND II - SCHEME I; Alteria Capital Fund III – Scheme A; Alteria capital India Fund I)

Notable portfolio

Country Delight; Rebel Foods; Spinny; Mensa Brands; BharatPe; GIVA; Lendingkart; Dunzo

Team & organisation

SEBI-registered Category II AIF venture-debt manager, multi-fund (Alteria Capital Fund I, II, III Scheme A & SDS); founded 2017 by ex-SVB India lending leadership

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Frequently asked

What does Alteria Capital invest in?
Venture debt for early- and late-stage VC-backed startups; sector-agnostic with concentration in consumer/D2C, fintech/digital lending, B2B platforms, SaaS, healthtech, climate tech/EV, and tech-driven MSMEs across India.
How do I pitch Alteria Capital through iHub India?
Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

Similar investors

About this record

  • none — confirmed PRIVATE fund manager (Alteria Venture Partners LLP / Alteria Capital Advisors LLP), not a government/public vehicle. IFC (World Bank arm) is a limited-partner/anchor investor in the Fund III Shorter Duration Scheme (up to ~US$12M of a ~$100M target scheme), but this is LP capital, not GP control, so the firm remains private and is NOT a DFI/government entity itself.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://alteriacapital.com/; https://inc42.com/buzz/alteria-capital-sidbi-venture-debt-fund/