PC: The Economic Times
VentureSoul Partners, a SEBI-registered Category II AIF, announced that it has secured the first close of its maiden fund at Rs 146.5 crore against its ambitious target of Rs 600 crore. The Mumbai-based debt firm is targeting a corpus of up to Rs 300 crore, with an additional Rs 300 crore for greenshoe options as it sets its eyes on catalyzing the growth of startups in India’s vibrant entrepreneurial ecosystem.
VentureSoul plans to invest in 20-25 startups with an average ticket size of Rs 25-30 crore. The maximum limit is set at Rs 60 crore per investment. Its investment philosophy has been to invest Series A onwards in startups whose business models are already primarily set up along with revenue streams in segments such as fintech, B2C, B2B, and SaaS.
VentureSoul Partners has a broad-based investor community comprising family offices, corporates, high net-worth individuals, and seasoned professionals. Through its wide network of investors, the fund creates unique debt solutions to cater to the needs of new-age economy entrepreneurs. This helps create sustainability for growth in startups.
Co-founded by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa, VentureSoul is a sector-agnostic fund offering custom financing to help each company achieve its singular funding requirements and business development plans. At the heart of its business model is specialized lending via a new economy credit fund that fuses technology-driven risk assessment with traditional credit evaluation methodologies to provide value-added financial solutions.
VentureSoul Partners is committed to supporting technology-enabled companies, whether they be Indian startups or subsidiaries of foreign entities operating in India. By making focused changes in unit economics and compelling growth in recurring revenue, the fund plays a very vital role in accelerating scale-up efforts of portfolio companies while contributing toward overall innovation and competitiveness in the startup ecosystem.
Operating in a landscape that sees rapid technological change with fluctuating market dynamics, VentureSoul Partners places itself at the very center of the venture capital space-right where startups will need necessary capital and expertise to prevail in fierce competition. With its proactive investment philosophy, sector experience, and investor collaboration, VentureSoul Partners is set to create a dent in the growth graph of the Indian startup ecosystem, driving innovation, employment opportunities, and economic growth for many years to come.
In summary, VentureSoul Partners raises Rs 146.5 crore for a Rs 600 crore fund, targeting startups in fintech, B2C, B2B, and SaaS sectors.
