InnoVen pumped in $37 million in 17 firms in March quarter
By Ishita Russell
IntelleGrow offers venture debt to growth-stage companies, SMEs
The startup plans to use the latest capital raised to increase its reach from 5,000 locked-in beds to over 12,000 beds and expand to Chennai and NCR by the end of this year.
Education technology start-up Byju’s, owned by Think and Learn Pvt. Ltd, has raised an undisclosed amount from World Bank arm International Finance Corp. (IFC), the company said in a statement on Tuesday. The latest round came close on the heels of Byju’s raising $50 million from the Chan Zuckerberg Initiative,… Read more »
“Singapore has more affinity to the Indian market – its a hop skip and jump. We are looking at Singapore companies and will invest in them and the reverse is also happening, where there are Singapore-based investors in IAN who are investing there,” says Ruparel
“If you look at a billion dollars worth of deals done in SEA last year…you then say 10% of that should be venture debt, you get around $80m to $100m per year in potential venture debt transactions. It is a $100m opportunity per year,” said Chin Chao.
Venture capital firms turned increasingly cautious about their bets late last year, forcing a number of start-ups to shut shop and the rest to focus on cash conservation and unit economics instead of chasing growth. However, angel investors remained upbeat amid the funding slowdown, said the report.