Venture Soul Partners has introduced its first debt fund, amounting to INR 600 crore.

VentureSoul Capital Fund I, a SEBI-registered Category II AIF, has secured commitments from family offices, corporates, high-net-worth individuals, and other prominent investors. This sector-agnostic fund will mainly target tech startups across various sectors, such as fintech, B2C, B2B, and SaaS companies.

Founded by three former bankers, VentureSoul aims to offer unique debt solutions tailored to the new economy. They have launched their inaugural debt fund, VentureSoul Capital Fund I, with a target corpus of INR 600 Cr. So far, commitments have come from family offices, corporates, HNIs, and notable investors, including Micro Labs Ltd. as the anchor investor, KreditBee founder Madhusudan Ekambaram, Glen Appliances Ltd, PSN Group, Baazar Kolkata promoter Abhishek Khemka, and Pure Chemicals Group’s Ponnuswami M.

VentureSoul plans to reach the first close of the fund by the end of June, focusing on startups that are at Series A or later stages, have a proven revenue model, and have secured at least $10 Mn in equity funding. The fund aims to provide innovative debt solutions beyond the traditional debt models available in the Indian tech startup ecosystem. According to Ashish Gala, co-founder and managing partner, there is a lack of structured financing models for Indian tech startups, which VentureSoul aims to address.