Venture debt gains steam in H1 as startups opt for non-dilutive capital
India’s venture debt landscape showed steady momentum in the first half of 2025, with some of the top funds — Stride Ventures, Trifecta Capital and Alteria Capital — collectively deploying over Rs 2,100 crore across more than 130 deals, signalling sustained demand for structured debt even as equity capital remains selective.
Stride Ventures led the pack with Rs 800 crore deployed across 47 deals, followed by Trifecta Capital, which deployed Rs 690 crore across 43 companies. Alteria Capital also saw similar levels of deployment, where it invested Rs 700 crore over 41 deals in the first half of this year.
