Venture Debt Fuelling Growth Beyond Equity | Private Markets Conference 2025 | Bengaluru

Описание: Venture debt has emerged as one of the fastest-growing alternative financing tools for startups and growth companies, particularly in India’s evolving venture ecosystem. While equity financing continues to dominate, venture debt offers a complementary capital source that balances growth with risk management.

This session explores the history, evolution, and growing relevance of venture debt — from its early adoption to its current role in India’s startup landscape. It examines the benefits it provides over traditional funding sources, the risks and limitations that founders must be mindful of, and why excessive dependence can prove detrimental.

The conversation also highlights the future outlook of venture debt as an asset class, how institutions and LPs perceive it, the expected return profile for lenders, and the capital-raising dynamics of venture debt funds.

Speaker:
• Nikhil Chandna – Investment Director, Innoven Capital

Moderator:
• Jolly Balva – CFA Society India

This discussion is designed to provide a practical perspective for founders, investors, and institutions — unpacking when venture debt works best, what risks to consider, and where the space is headed in the years to come.

0:00 – Short Introduction
2:00 – A brief history of venture debt
5:00 – How venture debt is evolving in India
7:00 – Benefits of venture debt over other funding sources, and its role alongside equity
10:00 – Use cases of venture debt combined with other forms of capital
12:00 – Risk considerations and common exclusions in venture debt
17:00 – Why excessive venture debt can be harmful for newer companies
18:30 – Industry risks: Macro and micro perspectives
21:30 – Future prospects: How India’s venture debt market is shaping up
24:30 – Venture debt as an asset class: Implications for Institutions and LPs
27:00 – Catalysts for growth and broader awareness of venture debt
28:00 – Return expectations for venture debt lenders
29:30 – Cases where venture debt is preferred over traditional bank loans
31:30 – Competing sources of capital in the funding landscape
32:30 – How venture debt funds raise capital
34:00 – Closing remarks and session wrap-up

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The Indian Association of Investment Professionals (IAIP), the India Society of CFA Institute, was established in Apr 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals.

As one of the over 160 CFA Institute member societies, the IAIP connects local CFA Institute members to a global network of investment professionals. For the continuing up-gradation of knowledge and skills of members, IAIP conducts speaker events, workshops led by leading finance professionals.