Fundraising Fox

Alteria Capital

Venture debt

Mumbai · Seed–Late Stage · 28 people tracked

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Investment thesis

Alteria Capital provides venture debt and structured finance as an alternative to equity, enabling founders to fund growth while minimizing dilution and preserving ownership. Its investments are sector and stage agnostic, tailored to each founder's needs. The firm targets companies with strong institutional VC backing, exceptional founding teams with bold visions and proven execution, and scalable, differentiated business models with defensible market positions. Beyond capital, Alteria connects founders through its Alteria Activate network of corporates, service providers, investors and fellow startups to forge partnerships and growth opportunities. Drawing on the team that pioneered venture debt in India in 2008, Alteria positions itself as a patient, dedicated long-term capital partner.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$100K – $15M
HQ
Mumbai, IN
Instruments
Debt
Founded
2017
Last 12 months
7 investments
AUM
$550M
Tracked investments
49

Team · 28 people

from the firm's website & public directories

What they invest in

from 43 of 49 portfolio companies

Consumer ×10B2B Marketplaces ×9E-commerce ×9SaaS ×8AI & Machine Learning ×7Fintech ×6Logistics & Supply Chain ×6Mobility & Transportation ×6

HQs:India×31United States×4Indonesia×1

Who they back

founder profiles across 19 portfolio companies
32%
solo founders
6 of 19 mapped founding teams
31%
repeat founders
of 13 founders with career history

Founding team size:solo founder×62 founders×103 founders×24+ founders×1

Where their founders studiedfrom 12 founders with education data

Birla Institute of Technology and Science, Pilani ×2Delhi University ×2Indian Institute of Technology, Delhi ×2

Where their founders worked beforefrom 13 founders with career history

Iamwire ×2

Investments · 49 tracked

founders shown can be your intro path

By year:2026 · 62025 · 22023 · 19 dated

Quest Diagnosticsquestdiagnostics.com𝕏NYSE: DGXJul 2026

Quest Diagnostics is the world's leading provider of diagnostic information services, serving one in three adult Americans and half of US physicians and hospitals.

Digital HealthHealthtechMedical DevicesSecaucus, US

Jim Davisin

Co-investorsMutual Capital Partners

91 Squarefeet91squarefeet.comin𝕏

91Squarefeet is a construction company for India that uses AI-driven technology and a digitized, integrated construction supply chain spanning fixture factories, material OEMs, engineering consultants, labour contractors, and architects.

AI & Machine LearningConstruction TechEnterprise SoftwarePropTech

Co-investorsBetatron Venture Group

Adonmoadonmo.comin𝕏

Adonmo operates an urban advertising network across India, reaching over 100 million people daily in more than 27 cities.

AdTechMarketing TechRetail TechIndia, IN

Sandeep Bommireddi(Founder)Sravanth Gajula(Founder)

Co-investorsMyAsiaVC

Advantage Clubadvantageclub.aiin𝕏

AdvantageClub.ai operates an employee engagement and rewards platform that provides corporates with client and employee benefits, perks, and rewards through a network of brand partners.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSWellness & FitnessGurugram, IN

Sourabh Deorah(Co-Founder & CEO)inSmiti Bhatt Deorah(Co-Founder & COO)Girish Bindal(CMO)

Co-investorsAxilor VenturesBroom VenturesCathexis VenturesEastlink Capital PartnersFlucas VenturesKube VC+5 more

Aeremaerem.coin

Aerem is a "FinTech for CleanTech" group that runs a digital lending platform and B2B marketplace to finance and supply rooftop solar in India, serving businesses, homeowners, and solar EPC companies.

B2B MarketplacesCleantechEnergyFintech

Anand(CEO)in

Co-investorsSE VenturesAvaana CapitalBlume VenturesRiverwalk HoldingsSMBC Asia Rising FundUTEC

Agragaagraga.comin

Agraga provides cross-border B2B trade logistics services, combining technology with human expertise to offer real-time international logistics solutions.

B2B MarketplacesE-commerceLogistics & Supply Chain

AgroStaragrostar.inin𝕏

AgroStar builds technology solutions for Indian farmers, combining agricultural inputs, crop care products, and farm implements with digital platforms and farmer-focused applications.

AgTechB2B MarketplacesData & InfrastructureIndia, IN

Shardul Sheth(CEO & Co-Founder)Sitanshu Sheth(COO & Co-Founder)

PartnerPunit Shah· led

Co-investorsAavishkaar Venture Management Services Private LimitedAccelChiratae VenturesEvolvence India FundStride Ventures

Alphavectoroutdoors91.comin𝕏

Outdoors91 manufactures and sells bicycles and fitness equipment in India, delivering 99% pre-assembled products directly to customers across 600+ cities.

Advanced ManufacturingConsumerE-commerceIndia, IN

Co-investorsAvaana Capital

Alt Mobilityalt-mobility.comin𝕏

Alt Mobility provides electric vehicle leasing and asset management services for businesses and individuals in India.

CleantechClimate TechLogistics & Supply ChainMobility & Transportation

Dev Arora(Founder)in

Co-investorsBeyond Capital VenturesLVX VenturesNewRadioVenturePitchRight VenturesSprint VcEurazeo+1 more

ApnaKlubapnaklub.com

ApnaKlub is a B2B wholesale platform that supplies retailers, SMEs, and business owners in India's Tier 2 and Tier 3 cities with a wide range of branded products, offering better margins, on-time delivery, and customer support.

B2B MarketplacesE-commerceRetail TechIndia, IN

Shruti(Founder & CEO)Manish Kumar(Co-Founder & COO)inGourav Das(Co-Founder & CPTO)Ashutosh Kumar(Co-Founder & Growth Head)

Co-investorsWhiteboard CapitalBlume VenturesFlourish VenturesTiger Global ManagementPeak XV Partners

ApnaMartapnamart.in

Abhishek Singh(Founder)in

Co-investorsAccelPeak XV Partners

Arzoooarzooo.comin𝕏

Arzooo, operated by Moksha Retails Global Private Limited, runs a B2B commerce platform for electronics and consumer durables in India, connecting retailers with competitive pricing, product selection, and delivery.

B2B MarketplacesE-commerceFintechRetail TechSaaSBengaluru, IN

Khushnud Khan(Founder)Rishi Raj Rathore(Founder)

Co-investorsVU Venture Partners

Atheratherenergy.com

Co-investorsStride Ventures

Autoverseautoversemobility.in

Autoverse Mobility is a digital distributor of auto parts for garage owners and vendors in India, offering online ordering, same-day delivery, and customer support through its e-commerce platform.

B2B MarketplacesE-commerceLogistics & Supply Chain

Avail𝕏

Ola Money is a financial services platform offering postpaid payment services and credit products for ride-hailing customers in India.

FintechMobility & TransportationMumbai, IN

Axioaxio.co.inin𝕏

Axio offers personal finance management tools and pay-later credit solutions, providing instant credit at checkout with minimal documentation.

FintechIndia, IN

Ayekartayekart.comin

Ayekart is a full-stack agri-tech platform serving India's agri-food value chain, connecting farmer groups, processing partners, and retail outlets from sourcing to distribution.

AgTechB2B MarketplacesFoodTech

Co-investorsSprint Vc

Ayu Healthayu.health

Arjit Gupta(Founder)inKaran Gupta(Founder)in

Co-investorsStellaris Venture Advisors 2 LlpVertex Ventures Sea Management Pte. Ltd.

Baaz Bikesbaaz.bikein𝕏

Baaz Bikes manufactures electric scooters and swappable batteries for gig workers and last-mile delivery services in India.

EnergyHardwareMobility & TransportationDelhi, IN

Anubhav Sharma

Co-investorsKalaari CapitalRakuten CapitalAdvantedge Founders

Baker’s Dozenthebakersdozen.inin

A bakery company that produces handmade dark chocolate cookies made with real butter and premium dark chocolate, sold directly to consumers.

ConsumerDirect to ConsumerFoodTech

Chef Aditi Handa(Founder & Executive Chef)Sneh Jain

Co-investorsShe Capital

BeatObeatoapp.comin𝕏

Beato is a digital health platform for managing diabetes and weight loss, serving patients through connected devices, coaching, and medical oversight.

Digital HealthHealthtech

Gautam Chopra(Founder)in

Co-investorsHealthQuadLeo Capital VenturesMerisis AdvisorsW Health Ventures Gp Llc

Belorabeloracosmetics.com

Co-investorsSprint Vc

Better placebetterplace.co.inin𝕏

BetterPlace builds workforce management tools focused on frontline and gig workers such as delivery riders, factory workers, and security guards, connecting these workers with enterprises.

AI & Machine LearningFuture of WorkHR TechSaaSBengaluru, IN

Pravin Agarwala(Co-founder)inSaurabh Tandon(Co-founder)in

Co-investorsJungle Ventures3one4 CapitalBritish International InvestmentCapriaCapria Ventures

Beyond Appliancesbeyondappliances.inin

Beyond Appliances is an Indian direct-to-consumer brand selling kitchen appliances such as gas hobs, cooktops, and chimneys with features like smart timers and app connectivity.

ConsumerDirect to ConsumerHardware

Midurbha Kukrety(Founder)

Co-investorsFireside Ventures Advisory LlpStride Ventures

Beyond Oddsemversity.comin𝕏

Emversity partners with existing universities in India to embed an industry layer into their programmes, including employer-designed curriculum, skill labs, clinical and hotel training, and guaranteed internships, so students graduate job-ready.

EdTechFuture of WorkHR TechBengaluru, IN

Vivek Sinha(Founder & CEO)

BharatAgribharatagri.comin𝕏

BharatAgri provides a mobile app that helps farmers identify crop pests and get recommended agricultural products, which can be ordered and home-delivered.

AgTechE-commerce

Sai Gole(Founder)inSiddharth Dialani(Founder)in

Co-investorsBetter CapitalIndia QuotientSprint VcArkam VenturesCapria VenturesOmnivore

Bharatpebharatpe.comin𝕏

BharatPe is an Indian financial services and UPI payments platform serving merchants with QR-based scan-and-pay, utility and credit card bill payments, gift vouchers, and business loans.

E-commerceFintechRetail TechSaaSIndia, IN

Ashneer Grover(Founder)inBhavik Koladiya(Founder)in

PartnerVinod Murali· led

Co-investorsAmplo VenturesCoatue ManagementInsight PartnersPeak XV PartnersRogue Insight CapitalTrifecta Capital Advisors

Bidsobidso.comin

Bidso is a product development and manufacturing partner that combines industrial design, engineering, and production processes such as injection moulding, powder coating, laser cutting, blow moulding, and robotic welding.

Advanced ManufacturingConsumerHardwareBengaluru, IN

Ashwin Jain(Founder)Rahul Agarwal(Founder)Vivek Singhal(Founder)

Bijakbijak.inin

Bijak is a B2B agricultural commodities marketplace in India, publishing content on crop prices, procurement, and produce for participants in the agri trade.

AgTechB2B MarketplacesFoodTechSector Agnostic

Nukul Upadhye(Founder)inJitender Bedwal(Founder)in

Co-investorsBetter CapitalRTP GlobalOmnivore

Biryani Bluesbiryaniblues.com𝕏

Biryani Blues (Thea Kitchen Private Limited) is a quick-service restaurant chain in India serving Hyderabadi dum-style biryani, packaged in earthen handis.

ConsumerFoodTechMarketplacesHyderabad, IN

Raymond Andrews(Co-founder)Aparna Andrews(Co-founder)

Co-investorsAnicut Capital

Blitzrideblitz.comin𝕏

Blitz provides white-label express and last-mile logistics services using an all-electric vehicle fleet, letting businesses run deliveries under their own brand with customizable SLAs, live tracking, and cash-on-delivery support.

CleantechLogistics & Supply ChainMobility & Transportation

Saivya Chauhan 🛵📦⚡️(Founder)in

Co-investorsADB VenturesITERATIVEVynn CapitalBetter CapitalFirst ChequeIndia Quotient+2 more

Blitzblitznow.inin

Blitz provides fulfillment and delivery software that forecasts demand and optimizes inventory placement across locations, and offers pre-checkout delivery-timeline display and post-checkout order tracking for online retailers.

E-commerceLogistics & Supply ChainSaaS

Yash Sharma(Founder)in

Co-investorsBetter CapitalCapria VenturesFirst ChequeIndia QuotientConnecticut InnovationsInspired Capital+3 more

Caret Capitalcaretcapital.inin

Caret Capital is a sustainability-focused thematic venture capital fund that invests in seed to Series A startups across distribution and supply chain, jobs and workforce, and smart mobility sectors in India.

Impact & Social GoodLogistics & Supply ChainMobility & Transportation

Co-investorsLumis Partners

Clover Ventures

AgTechSouth Hero, US

Joshua Decatur(President; Director)David C Biral(Treasurer; Director)David Biral(Treasurer; Director)Justin Decatur(Secretary; Director)

Co-investorsAccelOmnivore

Entropikentropiktech.comin

Entropik offers a consumer insights platform called Decode that uses emotion AI, eye-tracking, and behavioral analytics to help enterprise teams understand consumer emotions, attention, and behavior for research, product development, and ad creative testing.

AI & Machine LearningConsumerMarketing TechSaaS

Co-investorsAlpha Wave GlobalTrifecta Capital AdvisorsBessemer Venture PartnersInflexor Ventures

Euler Motorseulermotors.comin𝕏

Euler Motors offers commercial vehicle products and a tool to help fleet operators calculate profitability.

Mobility & Transportation

Saurav Kumar(Founder)in

Co-investorsADB VenturesAthera Venture PartnersBlackSoilBlume Ventures

Inc42inc42.comin𝕏

Inc42 is an Indian startup-focused media and education company that runs hands-on training programs for founders, including courses on direct-to-consumer brand building and startup management.

EdTechFuture of WorkMedia & Entertainment

Vaibhav Vardhan(Founder)inPooja Sareen(Founder)inUtkarsh Agarwal(Founder)in

Co-investorsAlkemi Growth CapitalArkam VenturesColossa VenturesCourtside VenturesGolden Sparrow Ventures, LlcPeaceful Progress+7 more

Milojoinmilo.com𝕏Jul 2026Defunct

Milo is an AI assistant that helps parents manage daily family tasks through text message conversations, combining large language models with human oversight to handle logistical and organizational work.

AI & Machine LearningConsumerSan Francisco, US

Avni Patel Thompson(Founder)in

Co-investorsBronze InvestmentsY CombinatorAntlerThe E14 Fund

Mokobaramokobara.cominOct 2023

Mokobara designs and sells travel luggage and bags, including cabin luggage, backpacks, briefcases, totes, wallets, and trackers, with a focus on hardware and design details.

ConsumerDirect to ConsumerE-commerceBengaluru, IN

Navin Parwal(Founder)inSangeet Agrawal(Founder)in

Co-investorsAditya Birla VenturesPeak XV PartnersSaama CapitalSauce.vc

Oyeoye.co

OYE is a wellness app offering guided routes, meditations, and yoga practices led by guides to help users connect with their emotions and improve mental and emotional health.

ConsumerMental HealthWellness & Fitness

Co-investorsExpaGreyMatterAlley Robotics VenturesAlleyCorp

PipeCandy** Sales Prospecting𝕏

Media & Entertainment

Co-investorsAxilor VenturesBrand Capital InternationalEndiya PartnersSilicon VenturesTheia Ventures

Scapic** AR/VR𝕏

Mint (livemint.com) is an Indian business and financial news publication covering markets, companies, money, economy, and technology.

Media & Entertainment

Co-investorsAxilor VenturesCapitalX

Showroomshowroom.deFeb 2026 · $17M

Los Angeles, US

Joubin Torkan(Executive Officer)Brandon Kleinman(Executive Officer, Director)Neven Zeremski(Executive Officer)Philo Davidson(Executive Officer)

BoardJake Medwell(Director)

Co-investorsBurda Principal InvestmentsNextGen Venture PartnersJungle Ventures

Showroomshowroomb2b.comin𝕏Feb 2026 · $17M

Showroom B2B operates a B2B apparel sourcing marketplace that connects retailers with manufacturers through an AI-powered supply chain platform offering demand forecasting, supplier matching, and fulfillment tracking.

AI & Machine LearningB2B MarketplacesRetail TechNoida, IN

Shubham Gupta(Founder)inAbhishek Dua(Founder & CEO)in

Co-investorsAccionCactus Venture PartnersGemba Capital Venture PartnersJungle VenturesAccion Venture LabSaison Capital+3 more

Signal NFXnfx.comin𝕏Jul 2026

NFX is a venture capital firm that builds software products for startup founders, several of which are offered for free.

Developer ToolsSaaS

Brian(Co-founder)Sid(Co-founder & CTO)Pete Flint(Founder)inJames Currier(Founder)inGigi Levy-Weiss(Founder)in

Co-investorsBattery VenturesNFXNorthzoneF.A. Muhsen CapitalGelt VCTransform Capital Management+1 more

Spynespyne.aiin𝕏Feb 2025 · $16M

Spyne provides an AI-powered platform that helps car dealers source, list, market, and sell vehicles.

AI & Machine LearningRetail TechSaaS

Co-investorsAccelPentathlon VenturesSprint VcStorm VenturesUpekkhaVertex Ventures Sea Management Pte. Ltd.+1 more

Stanza Livingstanzaliving.cominOct 2025

Stanza Living provides professionally managed shared and private residential spaces for people relocating to new cities.

ConsumerMarketplacesPropTech

Sandeep Dalmia(Founder)inAnindya Dutta(Founder)in

Co-investorsAccelAlpha Wave GlobalFlyover CapitalPeak XV PartnersZ47Accel India+2 more

Visa® Spend Clarity for Enterprisevisa.comJul 2026

Visa operates a global payments network enabling digital and card-based transactions for consumers and businesses across multiple sectors and geographies.

Fintech

Ryan McInerneyin

Co-investorsCommerzVenturesMutual Capital PartnersRed Bear VenturesSPRINGROCK VENTURESSlow Ventures

Exits · 1

IPOs and acquisitions across the tracked portfolio

Quest DiagnosticsNYSE: DGX

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Alteria Capital made?
Alteria Capital has 35 tracked investments.
What stage does Alteria Capital invest at?
Alteria Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Alteria Capital's typical check size?
Alteria Capital typically writes checks of $100K – $15M.
What sectors does Alteria Capital focus on?
Alteria Capital focuses on Consumer, EdTech, Fintech, FoodTech, Healthtech, Mobility & Transportation, SaaS, Sector Agnostic.
Where is Alteria Capital located?
Alteria Capital is headquartered in Mumbai, IN.
Who does Alteria Capital co-invest with?
Alteria Capital most often shares deals with Sprint Vc, Peak XV Partners, Stride Ventures, among 55 tracked co-investors.

Media · Podcasts & interviews

featuring the team

The state of Venture Debt Market Vinod Murali Alteria Capital

Alteria Capital · Vinod Murali

Alteria Capital’s Vinod Murali on How Venture Debt in India is Slated for Growth

Alteria Capital · Vinod Murali

Grandfather of Venture Debt Ft. Ankit Agarwal-Managing Partner at Alteria Capital

GoVenture By Spotify India · Ankit Agarwal

The state of Venture Debt Market | Vinod Murali | Alteria Capital

Entrepreneur India · Vinod Murali

Ankit Agarwal Of Alteria Capital Speaks On Startups Making A Beeline To Enter Dalal Street

CNBC-TV18 · Ankit Agarwal

Demystifying Venture Debt with Ajay Hattangdi Managing Partner Alteria Capital

Prime Venture Partners · Ajay Hattangdi

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