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VentureSoul Partners launches Rs 600 Cr maiden fund

Entrackr · 3m

VentureSoul Partners has marked the first close of its Rs 600 crore maiden fund, raising Rs 146.5 crore. The SEBI-registered Category II AIF is aiming a corpus of up to Rs 300 crore along with an additional Rs 300 Cr in greenshoe options. According to the Mumbai-based debt firm, it aspires to invest in around 20-25 startups with an average ticket size of Rs 25-30 crore. The maximum amount will be capped Rs 60 crore. The fund intends to back startups at Series A or later stage, with established business and revenue models which are focused on fintech, B2C, B2B and SaaS sectors. VentureSoul says that it has garnered help from a diverse group of investors, including family offices, corporates, high-net-worth individuals and professionals among others. The fund will provide differentiated debt product propositions for the new age economy clients. Co-founded by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa, VentureSoul is a sector agnostic fund, offering tailor made financing solutions to each company’s unique funding needs and business development plans. Its business model involves providing differentiated lending through a new economy credit fund, combining technology-driven risk assessment with traditional credit evaluation. VentureSoul funds technology enabled companies, either an Indian company or subsidiary of a foreign company in India and helps them to improve their unit economics and grow recurring revenue.