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Ajay Hattangdi

Ajay Hattangdi is Managing Partner and Co-founder of Alteria Capital. He has been working with the Indian technology industry for over 20 years and with startups and venture capital for over 13 years. Ajay was an early pioneer in starting the venture debt industry in India when he started the country’s first venture lending program while at Citigroup in 2005. He subsequently founded SVB India Finance in 2007, the first dedicated venture debt firm in the country. SVB India Finance was re-branded InnoVen Capital India following a buyout of the business in 2015. At InnoVen Capital, Ajay served in a dual capacity as CEO of the flagship India business and as Group Chief Operating Officer where he was responsible for introducing venture debt in other markets in Asia, having played a key role in setting up InnoVen’s offices in Singapore and Beijing. He was a member of Global Deal Committee at InnoVen Capital in addition to serving on the Boards of the group’s operating companies. InnoVen Capital was awarded Asia’s Best Venture Lending Firm under his leadership in March 2017. Ajay was recognized by Fintech Asia as being among the ‘Top 100 Leaders shaping finance across Asia’ in 2016, and among ‘The 40 Who Matter in the Indian Start-up Ecosystem’ by HT Media’s MINT business newspaper in December 2016. Ajay serves on the Board of Mumbai Angels which is among the largest angel groups in India. In 1998, Ajay co-founded PRAJA Foundation (, a voluntary Mumbai-based non-profit organization committed to re-establishing accountability and transparency in public governance. Ajay holds an MBA from State University of New York in Buffalo and a Masters in Banking & Finance from Mumbai University. Ajay enjoys squash, reading, a staple diet of food shows, and discovering new vacation destinations around the world with his wife Anuradha and teenage twins Maya and Aahir.