Alteria Capital

A leading startup debt platform offering venture debt up to ₹200 crore per company, often with a small equity kicker, typically for VC-backed startups. It closed Fund III at ~$180m. Alteria Capital closed its third venture debt fund at roughly $186 million (about ₹1,550 crore) in March 2024, split into a standard Venture Debt Scheme and a Shorter Duration Scheme to match different runway and repayment needs, and expects to back 70-100 startups from this fund alone. Its existing portfolio includes well-known VC-backed names such as OneCard, Rebel Foods, BlueStone, Ather Energy and Traya, reflecting its focus on consumer, fintech, healthcare and D2C companies already at revenue or scaling stage. Because it structures loans with equity warrants rather than pure debt, term sheets typically require the startup to already have institutional VC backing in place.