Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Venture debt fund Alteria to raise $100-M for 3rd fund’s shorter duration scheme
Venture debt fund Alteria Capital plans to raise USD 80-100 million for a shorter duration scheme - which will be a part of its third fund - by the next quarter. This initiative aims to enhance the short-term balance sheet efficiency of startups in some sectors.The third fund of Alteria consists of two distinct schemes: a venture debt scheme with about USD 180-200 million, and the shorter duration scheme tailored to provide working capital solutions to startups. The 3rd fund will support fintech, consumer, and B2B platforms, especially those with liquidity needs for inventory build-up, receivables, and book debts.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.