Alteria hits $125m first close on India venture debt fund
India-based venture debt investor Alteria Capital has announced a first close of INR 10bn (USD 125m) on its third fund, noting there is plenty of room for growth in a local VC ecosystem where debt accounts for less than 5% of all investments, compared to 15% in the US.
The firm didn’t disclose the target size for the fund, but it received approval from the Securities & Exchange Board of India (SEBI) earlier this year to raise INR 10bn with a greenshoe option of another...
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