Indian venture debt firm InnoVen Capital invests $4.9m in logistics startup Xpressbees

Indian venture debt firm InnoVen Capital invests $4.9m in logistics startup Xpressbees

Ashish Sharma, CEO, InnoVen Capital India

InnoVen Capital, which provides loans to startups, has invested ₹35 crore in e-commerce logistics provider Xpressbees, marking its fifth deal in 2019. The venture debt firm has now invested about ₹75 crore this year across five companies, and has four-five more deals planned for the next couple of months, chief executive Ashish Sharma said over the phone.

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