Venture Intelligence (TSJ Media Pvt. Ltd.)
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IFC signs up as anchor investor in Alteria Capital’s short term startup debt fund
The International Finance Corporation (IFC) has joined Alteria Capital as an anchor investor in its Shorter Duration Scheme (SDS), marking the World Bank unit’s foray into India’s venture debt market.The SDS fund, distinct from Alteria's core venture debt offerings, will target short-term capital demands, including working capital and inventory financing, with licensed fintech firms and consumer-focused startups as primary beneficiaries. Existing portfolio companies under SDS include proptech firm Ivy Homes, financial services startup Swara Fincare, and consumer brand TEN x YOU.Alteria, one of India’s largest venture debt managers with INR 4,500 crore in assets, has already deployed over USD 800 million in debt financing to startups since its inception seven years ago.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.