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
AUM
$550M
Tracked investments
35

Team · 28 people

from the firm's website & public directories

What they invest in

from 20 of 35 portfolio companies

B2B Marketplaces ×7E-commerce ×6Fintech ×5Retail Tech ×4Consumer ×3SaaS ×3Advanced Manufacturing ×2AgTech ×2

HQs:India×18

Investments · 35 tracked

founders shown can be your intro path
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

Adonmoadonmo.comin

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

AdTechMarketing TechRetail TechIndia, IN

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 LearningFuture of WorkHR TechSaaS

Sourabh Deorah(Co-Founder & CEO)Smiti Bhatt Deorah(Co-Founder & COO)Girish Bindal(CMO)Devendra Powar(Director - Enterprise Solutioning - Wellness & Engagement)

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)

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

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

Alt Mobilityalt-mobility.comin𝕏

Full-stack electric fleet leasing platform enabling rapid EV adoption with 20,000 vehicles across 30 Indian cities.

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)Gourav Das(Co-Founder & CPTO)Ashutosh Kumar(Co-Founder & Growth Head)

ApnaMartapnamart.in
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 TechSaaS

Atheratherenergy.com
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

IIT alumnus and serial entrepreneurCEO driving innovation(CEO)Seasoned supply chain leaderSerial entrepreneur & founder of MotorWhiz

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

Ayu Healthayu.health
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

Baker’s Dozenthebakersdozen.inin
BeatObeatoapp.com

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

Digital HealthHealthtech

Belorabeloracosmetics.com
Betterplacebetterplace.co.in
Beyond Appliancesbeyondappliances.in
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.com𝕏
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

PartnerVinod Murali· led

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 ManufacturingConsumerHardware

Bijakbijak.inin
Bira91bira91.com
Biryani Bluesbiryaniblues.com

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)

Capillary Technologiesbusiness-standard.com
Exitedagrostar.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

Scapic** AR/VR𝕏

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

Media & Entertainment

Frequently asked questions

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.

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

Fueling Innovation: Founders on the Power of Venture Debt with Alteria

Alteria Capital

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