VentureSoul Partners has closed its maiden debt fund at Rs 300 crore ($33.5 million) as it looks to provide structured credit solutions to new-economy companies, per an announcement.
The firm plans to raise an additional Rs 300 crore through a green-shoe option by February 2026.
While healthcare major Micro Labs Ltd has come in as the anchor investor, the fund has also received commitments from corporate investors such as Rupa Group and Glen Appliances Ltd.
Its individual backers include E. Madhusudan, founder of KreditBee; Omkar Shirhatti of Perfios; and the promoter families of Canpac and the Zebronics Group.
Established in June 2024, the firm made headlines in September 2024 when it announced the first close of the said fund at Rs 146 crore from a clutch of investors.
Since then, it has backed around 15 startups, that include names such as Playshifu, Zolostays, Metro Telworks, Metalbook, Captain Fresh, Mozark, and True Credits, it said on a LinkedIn post.
VentureSoul plans to deploy average investments in the range of Rs 20-25 crore, with a focus on sectors such as fintech, and software-as-a-service (SaaS).
As India’s venture debt market expands, a growing number of firms are increasing their exposure. Key players in the segment include Anicut, Alteria Capital, InnoVen Capital, Strides Ventures, Blacksoil, and Trifecta Capital.
