26 Apr 2024, Edition - 3209, Friday
Vector Capital Looks at Adding Value to the Indian Start-Up Ecosystem
by businesswireindia.com
May 1, 2020
Business Wire IndiaAs one of the early movers in
the venture debt segment, and looking to
revolutionize funding in
India, Vector Capital has launched a
fund with a
focus to
provide capital to new and innovative VC
funded start-ups. The
Vector Capital investment thesis is to
focus on ventures in
Consumer Internet, Enterprise SAAS,
Education &
Healthcare, BFSI, and Retail &
Hospitality Sectors.
Vector Capital is a venture debt company, which offers funded start-ups an alternative, less expensive, more efficient method of acquiring speedy capital for their operations and imminent scaling. Established in September 2019 and headquartered in Delhi NCR, Vector Capital has funded some leading ventures, and it is driven by a deep conviction that money without empathy is just money and not desirable.
"We consider ourselves a
boutique, profoundly engaging firm
that creates value by building relationships with
our mantra being 'fast
capital'," says
Sidharth Agarwal, CEO of Vector Capital. "We founded Vector Capital based on values of thought leadership, connecting our venture partners to
our global &
local network for their
business growth, and, most
of all,
giving them a
tailor-made credit solution that works for
them."
In
November 2019,
Vector Capital has lent venture debt for
INR 10 million to
Nextenders, a
web-based procurement and tendering solutions company, for a
period of one year to
help the company extend its
working capital runway for its
new Philippines project.
Nextenders along with its
Philippines partner Nextix had
jointly bid for
the tender for
Acquisition and Customisation of an
Electronic Government Procurement System in
Philippines.
“Venture debt has supported us to
efficiently and quickly raise
and manage our short-term and project based working capital requirements, allowing us to focus
on project execution. Not
having to worry about EMIs
is a
great benefit, as we are able to link the venture debt repayment with project milestone payments" says
Tapan Mehta,
CEO of Nextenders.
Vector Capital
has been co-founded by Sidharth Agarwal –
Managing Director Creative Impex (Creative
Group),
Navyug Mohnot –
Global CEO of QAI and Founder
of QGLUE, and
Rahul Gupta-
Angel Investor in 20+
companies, organizational and
CEO coach and
Pulkit Jain.
Source: Businesswire