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The Venture Codex

Alteria Capital

Unit No. 1002A, 10th Floor, Tower 1, One International Center, Senapati Bapat Marg, Prabhadevi, Mumbai, Maharashtra, 400013, India

Overview

Alteria Capital is a type of risk capital that complements and Venture capital was used to co-invest. It is less expensive than equity and is beneficial. Increase the rewards on stock ownership. Alteria Capital is a venture debt fund that focuses on innovative firms with significant VC backing.

Total investments
74
Lead investments
23
Investments · 12mo
12
Active investors
6

Sector focus

  • Financial Services
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Investment portfolio

  • M2P Fintech

    Led · Debt Financing · Aug 2026

    M2P Fintech provides banking infrastructure, including lending, payments, and core banking software. The company is investing in AI infrastructure and computing capacity to support its products, with specific spend on token consumption for AI model processing. Leadership includes cofounded and CEO Madhusudanan R, who spoke about the recent financing. M2P completed a second debt raise in the form of a Rs 100 crore, three-year facility from Alteria Capital. A portion of that financing will refinance higher-cost debt the company took on in 2023. The capital is intended to support expansion across its existing product lines and to develop AI capabilities.

  • Milo Drive

    Participated · Seed · Jul 2026

    Milo Drive builds an asset-light, technology-led EV mobility platform that aggregates demand across ride-hailing, corporate travel, airport transfers, rentals and other mobility channels. The platform uses data intelligence and machine-learning-led ride assignment to improve vehicle utilisation, driver earnings and service reliability. Founded by Monil Jayeshkumar Khatri and Vishal Jewrajka, the company has powered more than one million rides to date. Milo Drive positions itself as the supply layer to make it economically viable for individual drivers and small operators to own and run electric vehicles. Coverage highlights a broader market opportunity as EV penetration in Indian cab fleets is under 5 percent and industry projections forecast rapid growth through 2030. The company is pursuing expansion of its technology-enabled EV supply in India's ride-hailing ecosystem.

  • Country Delight

    Led · Debt Financing · May 2026

    Country Delight operates a farm-to-home direct-to-consumer model that sources products directly from farms to deliver fresh dairy, bakery items, poultry and daily essentials. The Gurugram-based company was founded by Chakradhar Gade and Nitin Kaushal and currently serves nearly 1.5 million customers across more than 25 cities, including Delhi NCR, Bengaluru and Chandigarh. It is aggressively expanding into quick commerce, including a 10–15 minute delivery pilot in Gurugram to compete with rapid-delivery platforms. Country Delight has raised nearly $220 million to date through a mix of debt and equity, with Temasek participating in a March 2025 Series E and holding a 13.63% stake post-round. Reported revenue for FY24 was approximately ₹1,380 crore, up from ₹917 crore in FY23, reflecting nearly 50% year-on-year growth. The company is using recent capital injections to scale operations, strengthen supply-chain capabilities and accelerate omnichannel and quick-commerce expansion.

  • Dil Foods

    Participated · Series B · May 2026

    Dil Foods partners with local restaurants to operate multiple cuisine-led cloud brands, leveraging technology enablement, standardized operations, and a food-tech-enabled supply chain that uses ready-to-cook formats and centralized sourcing. The platform has onboarded more than 300 restaurant partners across six cities and currently operates 10 regional food brands. It has established a one lakh square foot central kitchen in Bengaluru to support consistency and scalability. Dil Foods has raised Rs 113 crore to date, including Rs 72 crore in its Series B and Rs 37.7 crore across Seed and Series A rounds. The company plans to diversify its portfolio across cuisines, enter additional high-growth markets, and scale to 600 locations by FY28. Management targets an annualised revenue run rate of Rs 500 crore as it expands operations and market presence.

  • Bidso

    Participated · Debt Financing · Mar 2026

    BIDSO integrates product design, licensing execution, and manufacturing to serve global toy and consumer-products brands. Over the past 12 months the company has more than doubled its revenue and expanded global B2B partnerships, while securing licenses for characters such as Peppa Pig, Harry Potter, Transformers, and NASA. Founding leaders Vivek Singhal, Rahul Agarwal, and Aditya bring complementary operating experience and aim to scale BIDSO's manufacturing network and design capabilities. The company is focused on expanding production capacity, its product portfolio, and hiring across design, engineering, production, and sales as it grows domestically and internationally. BIDSO intends over time to leverage its capabilities to enter adjacent consumer product categories representing a large global market opportunity. The firm emphasizes moving from contract manufacturer perception toward being a strategic partner in product development and innovation.

Team