Alteria Capital India Fund I

Overview

Alteria Capital, founded in August 2017 by Ajay Hattangdi and Vinod Murali (both previously of InnoVen Capital, a Temasek subsidiary), closed its maiden venture debt fund at Rs 960 crore ($140 million), oversubscribed from an initial Rs 800 crore target, largely from domestic investors. Key backers include SIDBI (Rs 157.5 crore, its largest single-fund commitment under its startup Fund of Funds), IndusInd Bank, the Azim Premji Foundation, and Binny Bansal. Average cheque size is Rs 15-20 crore, with outsized cheques up to Rs 100 crore.

Key Facts

Vintage year

2017

Managed by

Alteria Capital

Fund size

USD 140M

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• Alteria Capital · Capital Manager (GP)