Radar · Private Debt Funds in India
Best Private Debt Funds Companies in India
The 40 best Private Debt Funds companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Edelweiss Asset Reconstruction.
By Riya SenguptaFinancials
40companies tracked
$146.4Mdisclosed funding
0unicorns
3have raised
Ranked: Best Private Debt Funds companies in India
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Edelweiss Asset Reconstruction Financial services firm specializing in asset reconstruction | $109M | 59 mo ago | Series A | Venkat Ramaswamy Co-Founder | 2010 | TypeScriptChart.jsCanvasJS+21 | — |
| 2 | InCred Capital Private debt firm | $37M | 93 mo ago | Series A | Bhupinder Singh Co-Founder | 2016 | WordPressApple iCloud MailGoogle Workspace+25 | — |
| 3 | Luharia Group Private debt investment firm offering lending & advisory solutions | — | 110 mo ago | Seed | Keerthi Kumar Jain Founder & CEO | 2013 | — | — |
| 4 | Alteria Capital Provider of venture debt and structured financial solutions to startups | — | — | Unfunded | Ajay Hattangdi Co-Founder & Managing Partner | 2017 | WordPressMySQLPHP+14 | — |
| 5 | Anicut Capital Private equity & debt firm focused on multiple sectors | — | — | Unfunded | Dhruv Kapoor Partner & Investor | 2016 | WordPressMySQLPHP+22 | 1 job opening |
| 6 | Capitar Ventures Private debt fund focused on multiple sectors | — | — | Unfunded | Shiv Bhargava Co-Founder | 2022 | — | — |
| 7 | Caspian Provider of impact investing firm with B Corp certification | — | — | Unfunded | S Prasad Founder & Chairman | 2004 | WordPressZohoSalesforce+25 | — |
| 8 | Caspian Debt Provider of customized debt financing to small and mid-market companies | — | — | Unfunded | Y Prasad Founder & Managing Director & Chairman | 2013 | WordPressMySQLPHP+22 | — |
Top 4 Private Debt Funds companies in India
#1
Series A · Mumbai, Maharashtra · founded 2010$109Mraised▾
Series A · Mumbai, Maharashtra · founded 2010
Financial services firm specializing in asset reconstruction. It focuses on revitalizing distressed assets and providing liquidity to the financial markets. It offers a range of services, including loan portfolio acquisitions, asset management, and debt restructuring. It is in the business of acquiring Non-Performing Assets from banks and financial institutions and resolving them through appropriate resolution strategies.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 2.1% of this cohort's audience
Funding rounds
- Sep 2021Series A—
- Jul 2018Series A$20.6M
- Dec 2016Series A$54.4M
- Aug 2016Series A$32.9M
Founders & team
Investors
CDPQ, SEB, Warden International, Select World Tours India, Edelweiss, Apain Finance and Investment
Tech stack
AkamaiAkamai MpulseAmazon CloudfrontAmazon Web ServicesAngularBoomerang
#2
Series A · Mumbai, Maharashtra · founded 2016 · 40 employees$37.4Mraised▾
Series A · Mumbai, Maharashtra · founded 2016 · 40 employees
Private debt firm. It also works as investment bank and provides asset management services.
Funding rounds
- Nov 2018Series A$37.4M
Founders & team
Investors
Paragon Partners, The Express, MEMG Family Office, Kenstream Ventures, Neelanchal Edifice, Sun Channel Tourism Televison
Tech stack
Amazon SesAmazon Web ServicesAngularjsAnimate.CssApache Http ServerApple Icloud Mail
#3
Seed · Hyderabad, Telangana · founded 2013—raised▾
Seed · Hyderabad, Telangana · founded 2013
Private debt investment firm offering lending & advisory solutions
Funding rounds
- 2017Seed—
Founders & team
Investors
Spice Digital
#4
Unfunded · Hyderabad, Telangana · founded 2004 · 11 employees$11.2Mraised▾
Unfunded · Hyderabad, Telangana · founded 2004 · 11 employees
Provider of impact investing firm with B Corp certification.
Founders & team
Tech stack
Apache Http ServerBootstrapContact Form 7Font AwesomeGoogle AnalyticsGoogle Cloud
Funding & investor landscape
$146.4Mtotal disclosed funding
2companies funded
5disclosed rounds
0rounds last 90 days
Most active investors
At One Projects1 rounds
Kenstream Ventures1 rounds
Lafinfinancial1 rounds
MEMG Family Office1 rounds
Neelanchal Edifice1 rounds
Notable founders
Venkat Ramaswamy
Co-Founder · Edelweiss Asset Reconstruction
Rashesh Shah
Co-Founder · Edelweiss Asset Reconstruction
Bhupinder Singh
Co-Founder · InCred Capital
Santosh T
Senior Director · InCred Capital
Keerthi Kumar Jain
Founder & CEO · Luharia Group
S Prasad
Founder & Chairman · Caspian
Hojjat Ghasemi
Owner · Caspian
Prism market signals · India · country-scoped Prism corpus, 573,407 docs
Market landscape — 10 sub-themes by coverage
Share of Private Debt Funds coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Private Debt Funds companies are there in India?
Radar tracks 40 indexable Private Debt Funds companies headquartered in India that meet our profile-completeness bar.
What is the total funding raised by Private Debt Funds companies in India?
The Private Debt Funds companies in India on this list have raised a combined $146.4M in disclosed equity funding across 2 funded companies.
Which is the highest-funded Private Debt Funds company in India?
Edelweiss Asset Reconstruction is the highest-funded Private Debt Funds company in India, with $109M in disclosed equity funding.
How many Private Debt Funds companies in India are funded?
2 of the 40 Private Debt Funds companies in India on this list have disclosed at least one equity funding round.
How many Private Debt Funds unicorns are there in India?
None of the Private Debt Funds companies in India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in India Private Debt Funds companies?
The most active investors in India Private Debt Funds companies on this list include Aakanksha Holdings, Apain Finance and Investment, At One Projects, CDPQ, Edelweiss.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.