IFC anchors Alteria’s new venture debt fund

MUMBAI: Alteria Capital, India’s largest venture debt manager, announced that the International Finance Corporation (IFC) has made its maiden investment in the Indian innovative SME credit segment through an anchor investment in Alteria’s Shorter Duration Scheme (SDS). SDS shall concentrate on short-term liquidity requirements to enhance balance sheet efficiency, including short-term capital necessities of licensed fintech companies, consumer brands, EV OEMS, amongst others. This should strengthen the firm’s standing as a comprehensive structured credit provider for new economy companies in India, it said in a release. Licensed fintechs (NBFCs) will be the fund’s primary focus segment.
With this fund, Alteria enhances its track record of supporting successful start-ups in India, possessing strong expertise across fintechs, consumer brands, and enablers of the Indian economy, the release said. The fund, distinguished from the core venture debt offering, plans to support sustainable business models that generate long-term value while fostering entrepreneurship in underserved segments.
Alteria’s strategic alliance with IFC combines the international major’s comprehensive global expertise in impact investing along with Alteria’s profound market knowledge and robust investment framework. The fund expects to deploy its capital over the next three years across India’s most promising new economy companies, the release said.