🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Alteria Capital announces final close of Fund III at Rs 1,550 Cr

EntrackrEntrackr · 1y ago
Alteria Capital announces final close of Fund III at Rs 1,550 Cr
Medial

Mumbai-headquartered venture debt firm Alteria Capital has announced the final close of its third fund at Rs 1,550 crore (approximately $187 million). The fund was oversubscribed with a target size of Rs 1,000 crore and a green shoe option. Alteria Capital, which has backed startups such as Rebel Foods, BlueStone, OneCard, Ather and Captain Fresh, will continue backing startups across consumer brands, e-commerce, fintech, logistics, business-to-business platforms, rural and agritech, healthcare, and climate tech. It will also evaluate companies in the Gen AI and spacetech segments. While it closed the venture debt scheme at Rs 1,550 crore, the shorter duration scheme, currently under subscription, is expected to raise around $105 million. The shorter duration scheme is likely to see its final close by the end of 2024. It will be available to all portfolio companies with the average cheque size ranging between Rs 3 crore and Rs 100 crore. The fund has already deployed 50% of the total capital commitments to portfolio companies, including OneCard, Renee Cosmetics, Samunnati, Blissclub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.

Related News

W Health Ventures announces first close of Fund II at Rs 550 Cr

EntrackrEntrackr · 15d ago
W Health Ventures announces first close of Fund II at Rs 550 Cr
Medial

W Health Ventures announces first close of Fund II at Rs 550 Cr Healthcare focused venture capital firm W Health Ventures has announced the first close of its second fund at Rs 550 crore. The fund has a target corpus of around Rs 630 crore and will invest in 8–10 healthcare startups. The firm plans to invest in early-stage healthcare startups with cheque sizes ranging between Rs 30–50 crore. W Health Ventures follows a company-creation and incubation model, where it works with founders to build and scale healthcare businesses from inception. The new fund will focus on segments such as AI-enabled healthcare services, chronic care, preventive care, geriatrics, oncology, and other healthcare delivery models. Founded in 2019, W Health Ventures invests in healthcare startups operating across India and the US. The firm supports ventures across care delivery, digital health, and technology-led healthcare services. W Health Ventures has started deploying capital from the first close and plans to complete the final close in the coming months. Its portfolio includes healthcare startups such as Wysa, BeatO, and other digital health and care delivery ventures across India and the US.

Equirus InnovateX Fund announces final close of B2B tech fund at Rs 166 Cr

EntrackrEntrackr · 10d ago
Equirus InnovateX Fund announces final close of B2B tech fund at Rs 166 Cr
Medial

**Equirus InnovateX Fund announces final close of B2B tech fund at Rs 166 Cr** Equirus InnovateX Fund (EIF), the early stage venture arm of the Equirus Group, has announced the final close of its maiden B2B tech fund at Rs 166 crore. The fund’s first close was announced in February 2024. According to EIF, it backs seed and pre-Series A companies building in deep tech, SaaS, and fintech, typically teams that are post-product and working toward product-market fit. The fund aims to partner with founders solving hard problems with clear distribution and defensibility, and who are building for long-term sustainability. The close attracted both domestic and global investors who bring operational experience and market access in addition to capital. EIF counts a number of founders and operators among its backers, including Girish Gaitonde, M.R. Jyothy, Dhimant Bhayani, Raj P., Shankar Vailaya, and Nitin Seth. The fund is led by Krishna Jha, Sunder Nookala, and Sadhika Agarwal, founders and investors with strong operational backgrounds, who are responsible for driving investments and managing the portfolio across the fund’s focus areas. EIF states that it has deployed over one-third of the corpus, backing seven startups from Fund I, with a target portfolio of up to 15 companies. Active investments include Pointo, Datazip, GreenStitch, CtrlB, Consuma AI, RSPL, and NeverInstall. The remaining capital is expected to be deployed over the next 12 to 18 months. Beyond capital, EIF partners with founders on enterprise access, regulatory navigation, senior hiring, and capital raising preparedness. The fund emphasises strong governance and long-term value creation. With the maiden fund now fully closed, it will focus on scaling its existing portfolio, selectively adding new companies, and deepening relationships with founders and long-term capital partners as it lays the groundwork for its next fund.

Download the medial app to read full posts, comements and news.