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Alteria raises Rs 960 cr in maiden funding from IndusInd, SIDBI and others

Alteria Capital's portfolio includes Faasos, Lendingkart, ZestMoney, Vogo, Toppr, Raw Pressery, Universal Sportsbiz, Dunzo

Alteria Capital founder Ajay Hattangdi and Vinod Murali
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Alteria Capital founder Ajay Hattangdi and Vinod Murali

Yuvraj Malik Bengaluru
Alteria Capital, a home-grown venture debt player, has raised Rs 960 crore (or $140 million) in its maiden fund to back high-growth start-ups at a time when venture debt is attracting investors looking to grow their capital, and entrepreneurs.

Those who invested in the fund are IndusInd Bank, Small Industries Development Bank of India (through fund of funds), Azim Premji Foundation, and Kiran Reddy, the founder of Chennai-based multiplex chain SPI Cinemas, among others. Flipkart co-founder Binny Bansal has also invested in the fund. Several other family offices and domestic banks have invested, names of which have not been revealed.

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First Published: Jul 29 2019 | 1:01 AM IST

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