A veteran banker named Rahul Gupta and a former fund manager at Stride Ventures named Siba Panda have formed ValuAble, their first venture debt fund, with a capital of Rs 850 Cr or $100 Mn.
In its first round of fundraising, ValuAble is seeking to raise Rs 850 crore ($100 million) to invest in tech-focused and inclusive enterprises both in India and around the world, as reported by Inc42.
According to Gupta and Panda, ValuAble will be the country’s first venture debt fund that is linked with environmental, social, and governance principles.
“With ValuAble, we don’t want to be just lenders; we want to be partners in the entrepreneurial journey of different startups. Our core philosophy is to be enablers for businesses, providing them with the necessary resources, mentorship, and tools to not only secure capital but also to foster sustainable growth,” said Rahul Gupta, founder and managing partner at ValuAble.
According to Gupta, ValuAble will support businesses in the pre-Series A to series A investment stages. The typical ticket price will be in the $2.5 million to $4 million range. The fund wants to invest in 40–50 businesses.
Startups that are in line with UN Sustainable Development Goals (SDG) will receive funding from ValuAble. According to the corporation, it would also give priority to initiatives that will aid in removing barriers for a variety of groups or groups that are led by them.
In order to promote inclusive growth, empower diverse talent, and harness the potential of responsible capital for sustainable development, ValuAble works to build a thriving ecosystem. ValuAble carefully look for companies that embrace the true beauty of “inclusion” and “culture” while embodying the spirit of scalability, returns, and sustainability. With every investment, ValuAble seeks to advance society and advance the “Greater Good” ideology, creating a world that is genuinely ValuAble.