ValuAble anticipates first closing of Rs 850-crore venture debt fund this quarter

ValuAble, a venture debt fund, expects to finalise the first closing of its newly launched Rs 850-crore fund this quarter, according to a senior representative of the fund who made the announcement on Wednesday.

ValuAble was granted approval by the market regulator SEBI in May to establish a venture debt fund focused on specific purposes with a total corpus of Rs 850 crore, as stated by Rahul Gupta, the Founder and Managing Partner of ValuAble.

"We are actively in the process of raising capital and are looking to make our first closing announcement within this quarter," stated Gupta.

Rahul Gupta and experienced fund manager Siba Panda have joined forces to create ValuAble. The fund's primary focus is on investing in emerging, technology-driven, purpose-oriented businesses.

When we refer to "tech-led," we are talking about the innovative startups in India, as technology is the driving force behind these new-age businesses," explained Panda.

"When we mention 'purpose-led,' we are emphasising a commitment to climate inclusion, businesses aligned with the interests of India, inclusivity, ESG alignment, and a strong emphasis on business culture," Panda continued.

Gupta, who previously served as the Head of Financial Sponsors Coverage at Axis Bank, and Panda, an ex-founding member and CFO at Stride Ventures, have come together to lead ValuAble.

Gupta emphasised that ValuAble doesn't want to be mere lenders but rather active partners in the entrepreneurial journeys of various startups. “The fund's fundamental philosophy revolves around enabling businesses, equipping them with the necessary resources, guidance, and tools not only to secure capital but also to foster sustainable growth,” he added.

(With PTI Inputs)