VentureSoul Partners Achieves First Close of Rs 146.5 Cr, Aims to Reach Rs 300 Cr
Mumbai-based debt firm, VentureSoul Partners, has reached the first close of its maiden fund, securing a total of Rs 146.5 crore. The SEBI-registered Category II AIF is targeting a total corpus of Rs 300 crore, with options to scale up to an additional Rs 300 crore.
According to VentureSoul, the fund plans to invest in around 20-25 startups, with an average ticket size of Rs 25-30 crore, capped at Rs 60 crore. The fund is focused on backing startups with established business models and revenue streams in the fintech, B2C, B2B, and SaaS sectors, targeting Series A or later-stage investments.
Key Highlights
- First close of Rs 146.5 crore for VentureSoul’s maiden fund
- Total corpus target of Rs 300 crore, with an additional Rs 300 crore in greenshoe options
- Aim to invest in 20-25 startups with an average ticket size of Rs 25-30 crore, capped at Rs 60 crore
- Focus on fintech, B2C, B2B, and SaaS sectors
- Sector-agnostic fund with a focus on debt investments
Investor Base
VentureSoul has received support from a diverse group of investors, including family offices, corporates, high-net-worth individuals, and professionals. The fund is designed to provide differentiated debt product propositions for the new age economy clients.
Business Model
The firm was co-founded by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa. VentureSoul’s business model involves providing differentiated lending through a new economy credit fund, combining technology-driven risk assessment with traditional credit evaluation. The fund aims to help technology-enabled companies, whether Indian or subsidiaries of foreign companies in India, enhance their unit economics and achieve recurring revenue.
This investment illustrates the growing interest in debt financing for startups in India, with VentureSoul aiming to fill the gap in this market with its innovative approach to credit evaluation.
