Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Alteria Capital will have a corpus of Rs 800 crore ($125 million) with a greenshoe option of ra…
Tag: Vinod Murali
Venture debt comes of age in India, at long last
In 2008, InnoVen Capital provided the first-ever venture debt of about ₹5 crore to Sequoia-backed Prizm Payments (now Hitachi Payment Services), and ever since, its popularity has been on the rise. Venture debt is slowly coming of age in India, with the country dispersing more than $40 million (₹…
InnoVen Capital lends $20 mn to Indian start-ups in Q2
Temasek-backed venture debt firm InnoVen Capital has increased its lending to Indian startups by USD 8 million in second quarter of FY17. The company funded deals worth 15 deals worth USD 20 million compared to USD 12 million in the previous quarter. Between July and September this year, InnoVen …
InnoVen Capital clocks Rs 82 crore deals in first quarter
Temasek-owned InnoVen Capital has struck deals worth Rs 82 crore in the first quarter of the current fiscal, as the venture debt firm looks to make deeper inroads into Asia’s third-largest economy and rapidly-maturing startup ecosystem. InnoVen Capital, which is also backed by Singaporean m…