Alteria Capital eyes funds up to $100 mn

The new fund aims to provide working capital solutions to startups

- Priyamvada C

Venture debt fund Alteria Capital plans to raise $80 million to $100 million for the Shorter Duration Scheme of its third fund by the next quarter. This initiative aims to enhance the short-term balance sheet efficiency of startups in some focussed sectors, the company's co-founder and managing partner Vinod Murali told Mint.

The fund will support fintech, consumer, and B2B platforms, especially those with liquidity needs for inventory build-up, receivables, and book debts, Murali said.

"By creating these two sleeves of debt options for founders, we want to ensure founders are able to meet their short-medium term needs to create strong enterprise value".