Exclusive: Alteria Capital Backs Dunzo With Venture Debt And Series C Investment

Exclusive: Alteria Capital Backs Dunzo With Venture Debt And Series C Investment

SUMMARY

Alteria Capital has given a debt line of of INR 13 Cr to Dunzo

Alteria also invested INR 7.5 Cr in Dunzo’s funding round

The company filings revealed that it aims to be profitable by FY2023

Bengaluru-based hyperlocal services enabler Dunzo has continued to cash in on multiple investors’ interest as it further diversifies and expands its services. Inc42 noted in the Ministry of Corporate Affairs filings that the latest investment for the startup has come in from venture debt provider Alteria Capital.

A debt of INR 13 Cr for 1300 non-convertible debentures at a value of INR 10 Lakh has come in August from Alteria Capital through Milestone Trusteeship Services. Prior to this in July, Alteria Capital through Milestone had picked up 1,417 Series C CCPS at a nominal value of INR 55 with a premium of INR 52872.20 worth INR 7.49 Cr.

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