Indian start-up ecosystem is underserved by venture debt. As the ecosystem matures further, the demand will continue to grow rapidly and supply will need to play catch-up! With 100+ years of cumulative debt underwriting & structuring experience, we are placed well to address the gap. We seek to add value to the ecosystem with our relationship oriented ‘Founder First’ approach.
About Us
Our Genesis
Our Approach
We aspire to be a one stop credit partner for Indian emerging businesses, providing tailor-made solutions devised to deliver value to all stakeholders. We act as advisors while designing solutions and as lenders while underwriting credit. Thus providing substantial flexibility within a rigorous lending framework. This balancing act is an iterative process and is calibrated keeping the interests of our investors at the centre.
Investment Thesis
We partner with businesses led by strong Founders who demonstrate “Founder Market Fit” and hold themselves accountable to highest levels of Corporate Governance.
– Backing from VCs is a plus, not a must
– Sustainable & Scalable Business Model
– Strong Unit Economics
– Clear Path to Profitability
Our Team
Bikramjit Singh Kalra

Bikram has ~20 year of overall experience and >15 years of investment management experience across Fidelity Investments & Consortium Securities. He has managed investment book worth more than 2 Bn over his career.
Besides Co-founding Capitar, Bikram serves as Director, Investment Advisory at Consortium Securities. Prior to Consortium, Bikram was an Investment Analyst with Fidelity advising the fund on its investments in the Healthcare and Financial Sectors in India. Previously, Bikram gained 5 years of technology industry experience in the US as a software developer at Microsoft and a Tech SaaS start-up.
Bikram is an INSEAD MBA and has a BSc. in Computer Science and BA in Mathematics from The University of Texas at Austin.
Harpreet Wadhawan

Harpreet is a seasoned debt capital markets professional with 25 years of banking experience across USA and India. Over his career, he has structured over $30 billion worth of transactions for Fortune® 500 corporations and small-sized corporates alike.
Harpreet previously ran Periplus Capital, an independent debt advisory and placement boutique firm in the US. Prior to that, he was a Senior Managing Director at EA Markets, a boutique investment bank, leading their middle market corporate coverage and the strategic corporate finance advisory practices. He has also served as Director of Investment Banking at Barclays Capital.
Harpreet received his undergrad degree from the IIT Delhi and his MBA degree from University of Maryland, College Park, USA.
Rahul Mahipal

Rahul has 25+ years experience in Banking and Financial Services industry including leadership roles with leading foreign & private banks and NBFCs. He has debt financing & underwriting experience for transactions aggregating more than $4 billion.
Previously, Rahul served as SVP – Structured Finance and Head Commercial Lending at ECL Finance, where he was responsible for the Structured Finance business & managed a debt portfolio of over INR 3,000 Crores. Prior to that, Rahul served as Executive Director and Team Head – Commercial Banking at Standard Chartered & helped set-up their Indian mid-market business.
Rahul is a C.A. and Cost Accountant, holds an MBA degree, with distinction, from Strathclyde Graduate Business School, U.K and is a commerce graduate from St’ Xavier’s College, Kolkata
Shiv Gaurav Bhargava

Shiv has 20+ years of combined experience in Corporate & Investment Banking and operating roles in B2C businesses. He has originated & structured Debt & Equity transactions of over $3 billion and held leadership roles across B2C businesses.
Shiv spent first half of his career in originating, structuring & managing transactions for SME & Mid Cap businesses. The latter half has primarily been spent in C-Suite level roles in B2C businesses including co-founding a FinTech start-up. He has also held CSO & CEO positions during scale-up phases of B2C businesses across e-comm (D2C) & Gaming.
Shiv holds an MBA degree from IIM Lucknow and a BA (Hons.) in Economics degree from Hansraj College, University of Delhi.
Our Edge
Credit DNA
100+ years of collective expertise
Global experience:
India, USA & South East Asia
Deep expertise in Underwriting
& Risk Management
Customised Solutions
Credit solutions designed as per founder requirements
Tailor-made to meet specific needs of high growth companies
Flexible to structure conventional as well as esoteric solutions
Institutional Mindset
Founders from diverse experiences coming together under a shared vision
Strong Risk Management Framework, governed by Policies & Processes
Play the long-game!
Create Value for All
Relationship oriented approach vs a transactional one
Oriented to a win-win outcome to create tangible value for All our Partners
Always do right by our investors, portfolio companies & team!