VentureSoul Partners closes maiden debt fund at Rs 300 Cr

VentureSoul Partners on Friday closed its maiden debt fund with a target corpus of Rs 300 crore. The firm is planning to raise an additional Rs 300 crore, triggering its green shoe option, by February 2026.

Micro Labs Ltd has come in as the anchor investor in the fund, with participation from corporate investors such as Rupa Group and Glen Appliances Ltd. The fund also counts E. Madhusudan, founder of Kreditbee, Omkar Shirhatti of Perfios, and promoters of Canpac and Zebronics Group as part of its limited partner (LP) base.

The company, which provides structured credit solutions to growth-stage startups, has already deployed capital across 15 startups with an average cheque size of Rs 20 crore to Rs 25 crore, targeting sectors such as fintech, direct-to-consumer (D2C), business-to-business (B2B), and software-as-a-service (SaaS) sectors.

These companies include Playshifu, Zolostays, Metro Telworks, Metalkbook, Captain Fresh, Mozark, and True Credits. The SEBI-registered Category II alternative investment fund invests in companies with a demonstrated revenue model, at the Series A stage or beyond.

“We extend our sincere gratitude to our investors, portfolio companies, ecosystem partners, and all stakeholders who have supported us in achieving this milestone,” said Anurag Tripathi, Co-Founder & Managing Partner, VentureSoul Partners.

The firm, which was founded in June last year by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa, had raised Rs 146 crore in September 2024 as part of the fund’s first close.

According to the company, the fund’s close comes at a time when India’s startups are looking for an alternative to traditional equity funding, especially growth-stage companies that are looking to preserve ownership while also scaling operations.