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Debt & Specialty Finance
alteriacapital.com

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Investments

58

Portfolio Exits

2

Funds

2

About Alteria Capital

Alteria Capital is a venture debt fund created by former senior executives of InnoVen Capital Ajay Hattangdi and Vinod Murali.

Alteria Capital Headquarter Location

CoWrks, 3rd floor Birla Centurion Century Mills Compound Pandurang Budhkar Marg, Worli

Mumbai, 400030,

India

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Latest Alteria Capital News

Solethreads Introduces India's First-Ever: The Solester REUSE Programme

Dec 7, 2021

Solethreads Introduces India's First-Ever: The Solester REUSE Programme Additionally, Raises Venture Debt of INR 2.5 Crores From Alteria Capital Gurugram, Haryana, India – Business Wire India Solethreads, the digital-first, innovation-led, comfort footwear specialist, has launched India’s first-ever and one of its kind product recycling and reuse initiative, ‘The Solester REUSE Programme’ - that aims at sourcing sustainable materials and encouraging the upcycling process. With this, the brand reinstates and further strengthens its ethical credentials based on the three pillars of Comfort, Innovation and Sustainability that the brand is built upon.Solethreads establishes and promotes circular fashion through The Solester REUSE Programme. This initiative allows anyone to exchange their flip flops and slippers, for reward points, which can be used to purchase the brand’s products. The footwear that the company receives through this initiative is in turn recycled and used to create new Solethreads eco-friendly flip flops.Solethreads is known for its best flip flops with trailblazing patents and technologies such as proprietary and patented ultra-comfortable SuperFoam™ footbeds made from recycled EVA products. That’s not all. The leading flip flop brand also goes one step further in its efforts to offset its carbon footprint through durable, skid-resistant ECOTREAD™ soles made using recycled rubber. Any part of the product that isn’t reclaimed or recycled, is 100% vegan, which has been sustainably sourced as well. The brand is now using its expertise to ensure these sustainable and innovative processes are being utilised for The Solester REUSE program.Speaking on The Solester REUSE Programme, Gaurav Chopra, Co-founder said, “With over 30 patents and counting, we lead innovation in the open footwear segment and take active steps in ensuring that all our products are either recycled, reclaimed or vegan; so that we can reduce our carbon footprint and work towards a sustainable tomorrow, today. As a part of this program, we also ensure to donate some items to relevant institutions and foundations, so that they can reuse them.” Recently, the brand also raised INR 2.5 crores in venture debt funding from Alteria Capital in order to broaden its research and development, product portfolio and to meet the growing demand for the best flip flops in the country.“With over 5,00,000 customers that are celebrating the joy of walking with Solethreads, we’ve grown into a much-loved and the most comfortable flip flops brand. This exciting partnership with Alteria Capital will support us in widening our pipeline of sustainable innovation to reach out to a broader base of customers and provide the best flip flops to the consumer,” as per SumantKakaria, the CEO and co-founder.According to Vivek Pillai, Principal, Alteria Capital, “Solethreads’ focus on comfort led by innovation and sustainability has struck a chord with the modern Indian consumer. We have closely watched them scale in a short span of time, and are excited to now partner with the team in building the next big challenger brand in the category.” Early this year, Solethreads raised Rs 13 crore in Series-A round funding from DSG Consumer Partners and Saama Capital. As the digital-first consumer brand one can buy slippers online and the best sliders for men and women through Solethreads’ D2C website, at all leading e-commerce platforms, including Amazon, Myntra, and Flipkart, and offline retail outlets (MBOs and leading footwear stores such as Metro Shoes).About Solethreads Solethreads is India’s PATHfinder flip flop brand and was co-founded in 2019 by Gaurav Chopra, SumantKakaria, AprajitKathuria and Vikram Iyer who wanted to disrupt the open footwear category with an emphasis on comfort, innovation and superior designs. They are making it easy for you to buy slippers online and trust the fact that you will get quality and comfort quite unlike any other. The company doesn’t just have flip flops, they also have a wide variety of best sliders for men and women.The company is a staunch advocate of equal opportunity employment. All its products are made by hand by the passionate women and men who make up our production team.You, therefore, get soles of tomorrow, made by the souls of today.For the brand, change and innovation are a way of life. The team of committed designers and professionals is helping Solethreads keep in step with the latest lifestyle trends.To View the Image, Click on the Link Below: Gaurav Chopra, A Solethreads Co-Founder. The company is a staunch advocate of equal opportunity employment, and over 50% of its total workforce are women.PWR PWR

Alteria Capital Investments

58 Investments

Alteria Capital has made 58 investments. Their latest investment was in Solethreads as part of their Debt on December 12, 2021.

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Alteria Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/6/2021

Debt

Solethreads

$0.33M

Yes

3

11/10/2021

Series D

MyGlamm

$150M

Yes

5

11/9/2021

Debt

Superbottoms

$0.47M

Yes

2

10/12/2021

Debt

Subscribe to see more

$99M

Subscribe to see more

10

10/6/2021

Series B

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$99M

Subscribe to see more

10

Date

12/6/2021

11/10/2021

11/9/2021

10/12/2021

10/6/2021

Round

Debt

Series D

Debt

Debt

Series B

Company

Solethreads

MyGlamm

Superbottoms

Subscribe to see more

Subscribe to see more

Amount

$0.33M

$150M

$0.47M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

5

2

10

10

Alteria Capital Portfolio Exits

2 Portfolio Exits

Alteria Capital has 2 portfolio exits. Their latest portfolio exit was Toppr on July 12, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/12/2021

Acquired

$991

8

00/00/0000

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Subscribe to see more

$991

Subscribe to see more

10

Date

7/12/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

Subscribe to see more

Sources

8

10

Alteria Capital Fund History

2 Fund Histories

Alteria Capital has 2 funds, including Alteria Capital II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/30/2021

Alteria Capital II

$242.33M

3

7/29/2019

Alteria Capital I

Subscribe to see more

$99M

10

Closing Date

9/30/2021

7/29/2019

Fund

Alteria Capital II

Alteria Capital I

Fund Type

Subscribe to see more

Status

Amount

$242.33M

$99M

Sources

3

10

Alteria Capital Team

2 Team Members

Alteria Capital has 2 team members, including current Managing Partner, Ajay Hattangdi.

Name

Work History

Title

Status

Ajay Hattangdi

Managing Partner

Current

Vinod Murali

Managing Partner

Current

Name

Ajay Hattangdi

Vinod Murali

Work History

Title

Managing Partner

Managing Partner

Status

Current

Current

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