Alteria Capital makes second close of Fund I at Rs 625 Cr, pumps in Rs 8 Cr into scooter rental platform Vogo
Alteria Capital, a venture debt firm, has made the second close of its maiden fund called Alteria Capital India Fund I as it raked in Rs 625 crore to its committed Rs 1,000 crore fund announced last year.
The lead investor in Fund I include IndusInd Bank, SIDBI and a large domestic office family fund.
Launched by Ajay Hattangdi and Vinod Murali, former senior executives at Temasek-backed InnoVen Capital, Alteria had announced that it would close the second fund by the second half of 2018.
While SIDBI had already infused Rs 100 crore in Fund I in April, it received Rs 356 crore in the first round of its maiden fund from institutional investors such as IndusInd bank and others.
Besides, the fund has soft commitments for another 15 per cent of the corpus and it is expected to raise over the next 3-5 months, reports ET.
Since its launch, Alteria has invested in startups such as Fingerlix, Raw Pressery, Universal Sportsbiz, and Toppr.
Now, the venture debt firm has added one more startup in its portfolio and invested Rs 8 crore in scooter rental platform Vogo.
The fresh investment in Vogo is a part of $6-7 million Series A round that the Bengaluru-based startup raised in August led by Ola’s parent ANI Technologies and Hero MotoCorp chairman Pawan Munjal.
Backed by Matrix Partners India and Stellaris Venture, the dockless scooter sharing platform was founded by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal in 2016.
Source: Entrackr
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