Venture Debt

Funding round led by Utah-based Zions Venture Fund; CometChat offers a full-fledged messaging and communications platform within apps and websites to improve a brand's user engagement

For investors, making a loss is part of business strategy, but for venture debt players, default is a risky proposition, yet, players in venture debt segment are unperturbed so far

Company says it will 'aggressively expand' presence in US, Africa and West Asia

Company that provides debt capital says its assets under management have grown 55% YoY

Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle

An Indian technology-enabled venture debt platform for early stage start-ups on Wednesday announced its expansion to the UK market. 8vdX said its aim is to offer cross-border venture debt, or a type of finance, to start-ups through local entities in the new geography. By 2024, 8vdX said it aims to fund 100 start-ups with assets under management (AUM) of USD 200 million and also has plans to expand to other countries such as Singapore and Australia. We are delighted to announce the expansion of our operations in key markets like Singapore, UK and Australia within just eight months of launching 8vdX, said Ravi Chachra, Co-Founder of 8vdX. We aim to offer a cross-border venture debt solution to the start-ups in these countries so that founders can spend more time on their businesses and less time on chasing small ticket investors. Start-ups do not require the flip' process in order to raise cash. "We are working to solve a significant problem that start-ups and rapidly expanding ...

Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India

The three startups are Blu-Smart Mobility-an electric shared mobility platform, BigHaat-an agri inputs digital marketplace platform and LoanTap- a fintech offering personal loans

Trifecta Capital has committed Rs 3,500 crore in venture debt and equity investments across more than 85 start-ups till date

Announces greenshoe option to raise an additional Rs 875 cr

Greenshoe of Rs 750 crore over target corpus likely if demand persists

Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business

Besides diversification, venture debt offers net pre-tax returns 16%-17%.

Venture debt firm invest only in start-ups which are backed by VCs and have raised Series-A and Series-B round of capital