VentureSoul Partners announces close of maiden debt fund at Rs 300 crore, aims to raise additional Rs 300 crore

VentureSoul Partners, a SEBI-registered Category II Alternative Investment Fund focused on structured credit for new-economy companies, has reached the base target of Rs 300 crore for its maiden fund.

The firm has now activated the green-shoe option and plans to raise an additional Rs 300 crore by February 2026.

The fund counts Micro Labs Ltd as its anchor investor and has also secured commitments from the Rupa Group, Glen Appliances, and individual backers such as KreditBee founder E. Madhusudan, Perfios’ Omkar Shirhatti, and promoters from Canpac and the Zebronics Group. VentureSoul completed its first close at Rs 146 crore in September 2024, enabling it to begin active deployment.

Since October 2024, the firm has completed 15 investments across high-growth new-economy companies. The portfolio includes Playshifu, Zolostays, Metro Telworks, Metalbook, Captain Fresh, Mozark and True Credits.

The fund writes average cheques of Rs 20 crore to Rs 25 crore, backing companies at Series A and later stages across fintech, B2C, B2B and SaaS. The firm blends traditional credit discipline with data-driven underwriting to offer customised venture-debt and structured financing that helps founders reduce equity dilution while scaling.

VentureSoul was founded in 2023 by former HSBC bankers Anurag Tripathi, Ashish Gala and Kunal Wadhwa. The partners set up the firm with the aim of building a value-driven credit platform for India’s new-economy businesses.

The venture-debt market in India has expanded rapidly, growing nearly thirteen times over the past six years. In 2024 alone, startups raised about $1.23 billion from venture-debt funds, reflecting rising demand for specialised credit at a time when early-stage companies often struggle to access traditional lenders.