This initiative signifies the firm's dedication to fuelling the growth of the Indian startup ecosystem by providing crucial debt financing.

The fund is securing 10% of the total capital as cornerstone investment from Micro Labs Ltd (anchor investor)., a prominent player in the healthcare sector.

Additionally, VentureSoul Capital has garnered commitments from a distinguished group of high-net-worth individuals (HNIs) and family offices, including renowned figures like E Madhusudan (founder of Kreditbee), Glen Appliances Ltd, the PSN Group, Abhishek Khemka (promoter of Baazar Kolkata), and Ponnuswami M (Pure Chemicals Group).

VentureSoul Capital aims to deploy the capital in growth-stage startups (Series A and beyond) that boast established revenue models. The sector-agnostic fund will target investments across diverse sectors like fintech, B2C, B2B, and SAAS companies.

Kunal Wadhwa, Partner at VentureSoul Capital, emphasized the fund's mission: "We aim to bridge the financing gap for promising startups in India by providing them with debt capital, a strategic tool to fuel their growth trajectories. This initiative underscores our unwavering commitment to fostering innovation and propelling the success of the Indian startup landscape."