Temasek-backed InnoVen Capital India extends $12m debt to 8 startups in Q1

Temasek-backed InnoVen Capital India extends $12m debt to 8 startups in Q1

InnoVen Capital India, a venture debt firm backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt. Ltd, has loaned around $12 million to eight start-ups in the June quarter, said a senior company executive, signalling that venture debt is becoming popular with start-ups looking to meet their working capital requirements.

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