VentureSoul Partners Launches Debut Debt Fund Targeting $72 Million

VentureSoul Partners, a company specializing in debt financing for startups, has unveiled its first-ever debt fund, VentureSoul Capital Fund I. The fund has set an ambitious target corpus of Rs 600 crore, which translates to approximately $72 million.

Diverse Backing for the Fund

VentureSoul Capital Asset I has gotten responsibilities from different financial backers, including family workplaces, laid out companies, high-total assets people (HNIs), and other noticeable figures in the speculation scene. Prominently, drug monster Miniature Labs Ltd. has arisen as the anchor financial backer for the asset. Prominent business pioneers taking part in the asset incorporate E Madhusudan (organizer behind Kreditbee), Abhishek Khemka (advertiser of Baazar Kolkata), and Ponnuswami M (from the Unadulterated Synthetics Gathering).

Focus on Tech-Enabled Businesses

While VentureSoul Partners maintains a sector-agnostic approach, the firm acknowledges a natural inclination towards startups operating in the fintech, B2C (business-to-consumer), B2B (business-to-business), and SaaS (Software-as-a-Service) segments.

Growth Capital for Established Startups

VentureSoul Capital Fund I aims to provide growth capital to promising startups. The fund is nearing its first close and seeks to invest in companies that have already established a revenue model, typically those in the Series A funding stage or beyond.