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Home›Funds›Alteria Capital
Venture Capital

Alteria Capital

Provide growth capital through venture debt to India's leading startups

Visit websiteLinkedIn
Ticket size$2M – $20M
StagesSeries A · Series B
Sectors3 focus areas
01 — Snapshot

At a glance

Key signals founders use to decide if this investor is worth a conversation.

Ticket size
$2M – $20M
Stages
Series A · Series B
Sectors
3 focus areas
Themes
9 mapped
02 — Focus

Where they invest

Stages and sectors this investor typically backs.

Sector focus

SaaS / EnterpriseFintechConsumer / D2C
Sector guides →

Lead / invest stages

Series ASeries B
Stage guides →
03 — Thesis

Investment thesis

Themes this investor is mapped to across the VC Dekho directory.

Provide growth capital through venture debt to India's leading startups

Early-stage buildersFounder-led / operator capitalTech-first / product companiesIndia-first / BharatGrowth & scale-upsFintech / embedded financeSaaS / B2B softwareConsumer / D2C brandsSeries A / PMF capital
All themes →
04 — Portfolio

Portfolio companies

32 companies mapped to this fund.

A
Aukera Jewellery
Jewelry/D2C
INR 90 Cr · Debt
10 Jul 2026
U
Ultrahuman
Wearables/Smart Devices
INR 100 Cr ($11.2 Mn) · Debt
21 Nov 2025
9
91 Squarefeet
Prop-tech
A
AdOnMo
SaaS
A
Advantage Club
SaaS
A
Aerem
Financial Services
A
Agraga
Logistics
A
Agrostar
Agri-tech
A
Alphavector
Consumer
A
Alt Mobility
EV & Mobility
A
Apnaklub
B2B Commerce
A
Apnamart
B2B Commerce
A
Arzooo
B2B Commerce
A
Ather
EV & Mobility
A
Autoverse
B2B Commerce
A
Avail
Financial Services
A
Axio
Financial Services
A
Ayekart
B2B Commerce
A
Ayu Health
Health-tech
B
Baaz Electric
EV & Mobility
B
Baker’s Dozen
Consumer
B
BeatO
Health-tech
B
Belora
Consumer
B
Betterplace
SaaS
05 — Story

About Alteria Capital

Background and context for founders evaluating this investor.

Alteria Capital is one of India's most prominent venture debt funds, offering founders a meaningful alternative to equity financing at the Series A and Series B stages. Unlike traditional equity investors, Alteria provides structured debt instruments that allow founders to extend their runway and fund specific growth initiatives without giving up additional ownership. This makes Alteria particularly attractive for startups that have already raised institutional equity and want to preserve dilution while accelerating on hiring, marketing, or working capital. The fund is sector-agnostic in practice but has demonstrated strong conviction in SaaS, Consumer, FinTech, and D2C businesses, where revenue predictability supports debt underwriting. Cheque sizes typically range from approximately 2 million to 20 million USD, making it suitable for startups at meaningful scale rather than very early-stage companies. Founders approaching Alteria should be prepared to demonstrate clear revenue traction, institutional equity backing, and a defined use of proceeds. The team brings deep experience in structuring venture debt for the Indian ecosystem and is widely regarded as a founder-friendly lender. Portfolio names like Cred, Lenskart, and OYO reflect the calibre of companies Alteria backs.

Unlike traditional equity investors, Alteria provides structured debt instruments that allow founders to extend their runway and fund specific growth initiatives without giving up additional ownership.

Notes

India's leading venture debt fund; backed Cred, Ola, Lenskart, OYO

Data confidence: Unverified – inferred

06 — Investors

Investors at Alteria Capital

Partners and principals mapped to this fund in the directory.

Co-founder, Managing Partner

Vinod Murali

Alteria Capital

Managing Partner

Punit Shah

Alteria Capital

Managing Partner

Ankit Agarwal

Alteria Capital

Co-founder & Senior Advisor

Ajay Hattangdi

Alteria Capital

Director - Finance, Head - IR

Jinal Gandhi

Alteria Capital

Director – Head, Capital

Deepak Malik

Alteria Capital

Principal

Akshat Saxena

Alteria Capital

07 — Nearby

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08 — Explore

Explore related

Jump into stage, sector, and thesis mapped to this fund.

Series ASeries B
SaaS / EnterpriseFintechConsumer / D2C
Early-stage buildersFounder-led / operator capitalTech-first / product companiesIndia-first / BharatGrowth & scale-upsFintech / embedded financeSaaS / B2B softwareConsumer / D2C brands
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