{"id":107089,"date":"2018-12-20T20:40:16","date_gmt":"2018-12-20T20:40:16","guid":{"rendered":"https:\/\/www.bnreport.com\/portea-raises-rs-25-crore-in-venture-debt-financing-from-alteria-capital\/"},"modified":"2018-12-20T20:40:16","modified_gmt":"2018-12-20T20:40:16","slug":"portea-raises-rs-25-crore-in-venture-debt-financing-from-alteria-capital","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/portea-raises-rs-25-crore-in-venture-debt-financing-from-alteria-capital\/","title":{"rendered":"Portea raises Rs 25 crore in venture debt financing from Alteria Capital"},"content":{"rendered":"<p>NEW DELHI: Venture debt firm <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/Alteria-Capital\" rel=\"noreferrer\" target=\"_blank\">Alteria Capital<\/a> has closed a Rs 25 crore funding round in <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/Health-Vista\" rel=\"noreferrer\" target=\"_blank\">Health Vista<\/a> India, which owns and operates home healthcare service provider <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/Portea-Medical\" rel=\"noreferrer\" target=\"_blank\">Portea Medical<\/a>, the Mumbai-based specialty financing firm said on Thursday.<\/p>\n<p>The announcement comes days after Bengaluru-based Portea said it had introduced specialised and critical care services, including critical care at home, respiratory services, sleep apnea care, palliative care, cancer support services, post-trauma care, specialised rehab services and end-of-life care.<\/p>\n<p>\u201cThey (Alteria Capital) are quick to understand the needs of the business and are long-term partners. Venture debt is a great alternative source of capital for high-growth businesses like Portea,\u201d Meena Ganesh, chief executive officer of Portea, said in a statement.<\/p>\n<p>Portea operates across primary care, chronic disease management, elder care and post-operative care. It offers services such as physiotherapy, doctor consultations, new mother-and-baby care, specialty pharmacy, nutritional wellness, diabetic care, surgery discovery and tele-consultation.<\/p>\n<p>\u201cProviding affordable, convenient healthcare services at home is a massive value proposition which is relevant for not just the Indian market but other emerging markets as well,\u201d said Vinod Murali, managing partner at Alteria Capital.<\/p>\n<p>A little over two months earlier, Alteria Capital made the second close of its maiden Alteria Capital India Fund I with commitments of more than Rs 625 crore. Anchor investments to Alterias fund included those from <a href=\"https:\/\/economictimes.indiatimes.com\/indusind-bank-ltd\/stocks\/companyid-9196.cms\" rel=\"noreferrer\" target=\"_blank\">IndusInd Bank<\/a>, SIDBI and a large domestic office family fund.<\/p>\n<p>Alteria provides venture debt to startups with cheque sizes ranging from Rs 2 crore to Rs 100 crore. The firm, cofounded by Murali and Ajay Hattangdi, who previously helmed the venture debt play at Temasek-backed InnoVen Capital India, counts some of Indias top consumer and technology startups in its portfolio, including Fingerlix, Toppr Technologies, Raw Pressery, Vogo Bikes, Dunzo and Vinculum.<\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/portea-raises-rs-25-crore-in-venture-debt-financing-from-alteria-capital\/articleshow\/67182929.cms\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/img.etimg.com\/photo\/60278104.cms\"\/><\/p>\n<h5><a href=\"https:\/\/economictimes.indiatimes.com\/\" rel=\"noreferrer\" target=\"_blank\">ET Markets<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Venture debt firm Alteria Capital has closed a Rs..<\/p>\n","protected":false},"author":1,"featured_media":107090,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-107089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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