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VentureSoul Partners launches Rs 600 Cr debt fund

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Venture debt firm VentureSoul Partners has launched its maiden debt fund called VentureSoul Capital Fund I with a target corpus of Rs 600 crore ($72 million). The fund is a SEBI-registered Category II AIF and has so far received commitments from family offices, corporates, high-net-worth individuals (HNIs) and other eminent investors. Pharmaceutical company Micro Labs is the anchor investor for the firm’s maiden fund. The CXOs participating in the fund include E Madhusudan, founder of Kreditbee, Abhishek Khemka of Baazar Kolkata and Ponnuswami M from Pure Chemicals group. Founded by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa, VentureSoul Partners is a sector-agnostic fund but will lean towards startups in the fintech, B2C, B2B, and SaaS segments. The fund will provide growth capital for the startups. It is aiming to do its first close soon and will invest in companies with a demonstrated revenue model, at the Series A stage or beyond.