Alteria Capital hits first close of third venture debt fund at Rs.1,000-Cr

Venture Debt investor Alteria Capital has made a first close for its third fund at INR 1,000 crore. The fund will target to raise another INR 1,000 crore. The new fund will provide a range of speciality debt solutions - of up to INR 150 crore - to early and growth-stage startups which have already raised equity funding. It also has a separate scheme to offer working capital solutions.