Varanium announces the launch of its Venture Debt Fund. The fund aims to generate regular payouts by financing startups with upside potential via warrants. Launched as a CAT II AIF, the fund will be sector agnostic with a tilt towards D2C, SaaS, and Cleantech sectors.
The fund is dedicated to financing startups, with a focus on startups that have positive unit economics and are seeking finance for their growth, business expansion, or bridge financing.
The fund aims to generate an attractive IRR with a blended approach of regular payouts from the start-ups and a kicker from exposure to their growth through warrants.