Prime Venture Partners Podcast #40 Demystifying Venture Debt with Ajay Hattangdi Managing Partner Alteria Capital
Ajay Hattangdi is the co-founder & Managing Partner at Alteria Capital.
Ajay is one of the early pioneers of the Indian venture ecosystem and has worked with startups for over 20 years. He started the country’s first venture debt program in 2005.
He is currently the co-founder and managing partner at Alteria Capital. Prior to co-founding Alteria Capital in 2017, Ajay was the founding CEO of SVB India Finance, India's first and largest provider of alternative financing solutions to venture backed companies. He led SVB India as CEO from 2007 through a buyout in 2015 following which, SVB India was renamed InnoVen Capital.
Through the next phase of his work at InnoVen Capital, he was responsible for introducing venture debt in other markets in Asia, having set the strategy and supervised the Group’s expansion into South East Asia and China
Listen to the podcast to learn about:
1:31- Ajay's journey from Citibank to Alteria Capital
2:38- What is venture debt?
4:45 - Value proposition of Venture debt
7:30 - Where can you use Venture debt
8:30 - What is the right time for an entrepreneur to think about Venture debt
12:00 - Assessing a company looking to raise Venture debt
14: 34 - Best time for a company to raise Venture debt
17:38 - What are the downsides of taking venture debt
19:25 - How a venture debt firm evaluates
23:40- What are the interest rates, equity warrants, duration
27:11- Myths and misconceptions about venture debt
Read the complete transcript here
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