VentureSoul Capital, a SEBI-registered Category II AIF helmed by former HSBC bankers, has announced the launch of its maiden debt fund of Rs 600 crore. This initiative signifies the firm's dedication to fuelling the growth of the Indian startup ecosystem by providing crucial debt financing.

The fund is securing 10% of the total capital as cornerstone investment from Micro Labs Ltd (anchor investor)., a prominent player in the healthcare sector.

Additionally, VentureSoul Capital has garnered commitments from a distinguished group of high-net-worth individuals (HNIs) and family offices, including renowned figures like E Madhusudan (founder of Kreditbee), Glen Appliances Ltd, the PSN Group, Abhishek Khemka (promoter of Baazar Kolkata), and Ponnuswami M (Pure Chemicals Group).

VentureSoul Capital aims to deploy the capital in growth-stage startups (Series A and beyond) that boast established revenue models. The sector-agnostic fund will target investments across diverse sectors like fintech, B2C, B2B, and SAAS companies.

Kunal Wadhwa, Partner at VentureSoul Capital, emphasized the fund's mission: "We aim to bridge the financing gap for promising startups in India by providing them with debt capital, a strategic tool to fuel their growth trajectories. This initiative underscores our unwavering commitment to fostering innovation and propelling the success of the Indian startup landscape."