Between July and September, InnoVen Capital participated in 15 deals including Oyo, RAW Pressery, Rentomojo, Treebo, Fab Hotels, HolaChef, Faaso’s, Crownit, Voonik and Bluestone.
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InnoVen Capital is backed by Temasek Holdings, United Overseas Bank.
InnoVen pumped in $37 million in 17 firms in March quarter
Mumbai-based InnoVen will provide venture debt funding of $5 million to the two Asian companies, which will use the funds to tap into the region’s growing affluent population.
The company had earmarked $50 million in investment for the year ending March 2016. InnoVen is a provider of debt to venture capital firms, which in turn invest it in their portfolio companies
Early-stage startups will seek to raise at least $800 million in 2017 as they stop blindly chasing growth and start looking for profitability, a report by venture debt firm InnoVen Capital said. Venture capital funding in Indian startups last year plummeted by almost one-third from the heydays of 2015 and… Read more »
Through this acquisition, Borosil has entered into the primary pharma glass packaging business.
Backed by Temasek and United Overseas Bank, Singapore, InnoVen Capital, have committed a total of $200 million for building out the platform in Asia. The company has extended 120 loans worth Rs.1,100 crore since 2007, out of which 87 loans were extended to start-ups, such as Snapdeal, Myntra, Freecharge, among others.
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.
vinodTemasek-backed and Mumbai-based venture debt provider InnoVen Capital is planning to expand operations from India to other Asian markets, with Singapore slated to be its first overseas destination. This comes amidst an increase in its operational tempo in India as it increases funding to India-based startup ventures. The non-banking financial company (NBFC), which was… Read more »