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The fund aims to invest in approximately 100 startups by utilising a combination of revenue-based financing and traditional venture debt, , Varanium Capital, debt funds, start up
The fund will back nearly 100 startups through venture debt and revenue financing instruments.
Varanium Capital announced the first close of its venture debt fund, with a target corpus of INR 250 Cr and a greenshoe option of INR 50 Cr.