VentureSoul Partners announces close of maiden debt fund at Rs300 crore
VentureSoul Partners announces the closing of its first debt fund ₹300 crore, an additional increase is planned ₹300 crore with green shoe option by February 2026.
The venture debt company, which focuses on structured credit solutions for new economy companies, counts Micro Labs Ltd, a leading company in the healthcare industry, as its main investor. It has also received commitments from institutional investors Rupa Group, Glen Appliances Ltd, as well as individuals such as Kreditbee founder E. Madhusudan, Perfios’ Omkar Shirhatti and backers of Canpac and Zebronics Group.
The company announced its first closing in September 2024. ₹146 crore from a group of investors. A firm can start investing after the initial closing and call capital from its committed pool.
Since then, Venture Soul’s Sebi-registered Category II alternative investment fund (AIF) has backed around 15 startups, including Playshifu, Zolostays, Metro Telworks, Metalbook, Captain Fresh, Mozark and True Credits.
Aims to write approximately average checks. ₹20-25 crore and is a sector-agnostic fund focusing on diversified fintech, business-to-customer, business-to-business and software-as-a-service (SaaS) companies.
VentureSoul Partners was founded in June 2024 by three former HSBC bankers: Anurag Tripathi, Ashish Gala and Kunal Wadhwa. The partners, who have successfully built businesses from scratch for various local and international organizations, founded VentureSoul with the aim of creating a value-based startup.
expanding market
The venture debt market in India has been growing steadily, expanding 13 times in the last six years. In 2024 alone, startups raised almost $1.23 billion from venture debt companies; This underscores the growing need for specialized credit solutions for early-stage companies that often cannot find lenders. Mint Reported in December 2024.
VentureSoul competes with Alteria Capital, InnoVen Capital, Strides Ventures, Blacksoil, and Trifecta Capital, among others. Newer players like Nuvama and Kotak are also looking to write smaller checks for growth-stage companies.
Stride Ventures is in the market to raise its largest ever global venture debt fund to $600 million. Alteria Capital also saw IFC consolidate its new venture debt fund earlier this year. Investors now view this asset class positively, both globally and domestically.
