IFC Backs Alteria’s New Venture Debt Fund for Indian SMEs
Meeting Short-term Liquidity Needs of Innovative Indian Businesses
Alteria Capital, a top venture debt manager in India, has revealed that the International Finance Corporation (IFC) has invested in their Shorter Duration Scheme (SDS). This marks IFC’s first venture into the Indian innovative SME credit sector. The goal is to fulfill short-term liquidity needs and enhance balance sheet efficiency across various industries, such as licensed fintech companies, consumer brands, and electric vehicle (EV) manufacturers.
Spotlight on Licensed Fintechs
- Licensed fintechs, specifically non-banking financial companies (NBFCs), will be the main focus of the fund.
Through this fund, Alteria continues to support thriving start-ups in India, showcasing its extensive experience in fintechs, consumer brands, and key contributors to the Indian economy.
Encouraging Sustainable Business Practices
- The fund aims to back sustainable business models that create lasting value and foster entrepreneurship in underrepresented segments.
Alteria’s partnership with IFC merges the global organization’s impact investing expertise with Alteria’s in-depth market knowledge and robust investment approach. The fund anticipates deploying its capital over the next three years to support India’s most promising new economy companies.
