VC fund (Cat I) · SEBI registry
Whitespace Alpha - Special Situations Fund
Early stage (Pre-Series A) · Travel & Hospitality · Hyderabad
At a glance
- Stage focus
- Early stage (Pre-Series A)
- Primary sector
- Travel & Hospitality
- City
- Hyderabad
- HQ / office
- Banjara Hills, Hyderabad, Telangana (site also lists a Madhapur, Hyderabad office)
- Fund registered
- 2023
- Website
- whitespacealpha.com
- Profile ↗
About
The Special Situations Fund is the Category I AIF of Hyderabad-based Whitespace Alpha, licensed by SEBI in 2023 to invest in distressed/stressed assets and turn them around. Run by the same firm and team (CEO Puneet Sharma; fund manager Rohith Lokareddy, noted for the Viceroy Hotels resolution and MTAR IPO work).
Investment focus
Special situations / stressed & distressed assets — acquires distressed assets, stabilizes and turns them around across multiple instruments; not startup VC
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/23-24/1270
SIDBI Fund of Funds
None found
Team & organisation
Approx. 7-8 core team / investment professionals (Puneet Sharma - CEO & Fund Manager; Praveen Dwarakanath; Shiva Subramaniam; Ashish Maskara; Fanar Iskif; Rohit Lokareddy - SSF Investment Manager; Sudarshan Saraf - Partner)
Multi-fund AIF platform (firm operating since 2015). Special Situations Fund (SSF) is the Category I AIF offering targeting stressed/special-situation assets in mid/SME tier; firm also runs Category III AIF schemes (Equity Plus, Debt Plus, Hybrid Plus) and a GIFT City/IFSCA International Fund. HQ Madhapur/HUDA Techno Enclave, Hyderabad, Telangana.
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Frequently asked
- What does Whitespace Alpha - Special Situations Fund invest in?
- Special situations / stressed & distressed assets — acquires distressed assets, stabilizes and turns them around across multiple instruments; not startup VC
- How do I pitch Whitespace Alpha - Special Situations Fund 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.
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About this record
- ⚑ special-situations / distressed-asset fund (not startup VC); same firm as the Cat III 'Whitespace Alpha' entry
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://whitespacealpha.com; https://www.linkedin.com/company/whitespace-alpha/