VentureSoul Partners, a Mumbai headquartered CAT II AIF debt fund has completed the first close of its ₹600 crore maiden fund, raising ₹146.5 crore.
With a target corpus of upto ₹300 crore plus an additional ₹300 crores greenshoe, this SEBI registered Category II AIF has so far received commitments from a mix of family offices, corporates, HNIs, professionals and other eminent investors.
The fund aims to invest in around 20-25 startups with an average ticket size of ₹25-30 crore. The maximum amount will be capped at ₹60 crore.
The fund also aims to make debt investments in companies that are generally at Series A or beyond the stage, with a demonstrated business and revenue model. The sector-agnostic fund will have a positive bias towards diversified Fintech, B2C, B2B & SAAS companies.
Floated by 3 experienced bankers: Anurag Tripathi, Ashish Gala and Kunal Wadhwa, VentureSoul intends to be a valuebased enterprise with the tagline: ‘debt partners with a difference’. The fund intends to have differentiated debt propositions for the new age economy clients, where the bankers are planning to bring in banking practices into the fund world by not only evaluating the clients differently but more importantly by providing differentiated debt product propositions for the new age economy clients.
The founders’ vision is to create a sustainable, scalable organization that partners with the new age economy clients for growth capital and beyond. Micro Labs Ltd. is its anchor investor, along with other corporate investors – Rupa Group, Glen Appliances Ltd and PSN Group, promoters of esteemed institutions such as – SKM Steels, Zebronics Group, and, founders of new age economy companies such as Country Delight, Mr. E Madhusudan of KreditBee, and Omkar Shirhatti of Perfios, amongst its array of investors.
The founders collectively emphasised – “We are sincerely grateful to each and every individual and institution that has backed us, as also those who have been our guiding light in our maiden fund foray. We now intend to augment the scale and size of VentureSoul’s operations by working further with the broader ecosystem – undertaking disciplined deployment as also continuing to reach out wider for our subsequent fund raise rounds”.
