Besides diversification, venture debt offers net pre-tax returns 16%-17%. : When Sachin Bansal, the co-founder of Flipkart who made $1 billion when he exited the company, wrote a Rs 20-crore cheque to Delhi-based start-up Milk Basket, it was his fifth debt deal in less than a year. Bansal has also extended $3 million each to scooter sharing start-up Vogo and Bounce. He has also lent Rs 250 crore each to non-banking financial companies (NBFCs) Altico Capital and IndoStar Capital but experts see them as traditional high yield debt deals and not as venture debt.