 "The fund-raising exercise has become urgent as the Mistry family entities failed to repay part of their debt to SWSL, which was due in June")
India's Alteria Capital Advisors is in talks with investors to raise up to Rs 3,500 crore for its third debt fund, according to internal documents reviewed by Reuters.
The discussions, which come less than a year after Alteria raised Rs 1,820 crore for its second fund, underscore the huge interest in venture debt as Indian startups continue to raise billions of dollars despite economic headwinds.
Alteria is aiming to raise up to Rs 2,000 crore, including overallotment, for its primary venture debt fund that will be part of a dual-fund structure, according to its pitch deck seen by Reuters.
The
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