InnoVen Capital India

Profile

InnoVen Capital is Asia's leading venture lending platform, headquartered in Singapore and formed in 2015 as a joint venture between Seviora, a wholly owned subsidiary of Temasek, and United Overseas Bank. The firm specializes in providing venture debt capital to high-growth, venture-backed technology companies. Their team operates with a philosophy of agility, fostering partnerships across India, China, and Southeast Asia. InnoVen is recognized for supporting over 770 debt transactions and more than 50 unicorns, demonstrating strong coverage and commitment to entrepreneurs throughout Asia.

InnoVen Capital focuses on the technology sector with interests in HealthTech, AI, and Blockchain/Crypto, among others. Their investment size typically ranges from $1-5 million, fitting early to growth-stage companies. The firm has approximately $1.9 billion in capital invested through vehicles like their recent Healthcare Debt Fund. This addition underscores their strategy of diversifying their portfolio within tech-based industries. Potential partners include institutions like the IFC, helping to broaden their scope and financial strength.

Notable investments include Zomato - food delivery service, Swiggy - on-demand delivery service, Snapdeal - e-commerce platform, Byju's - educational technology company, and Oyo Rooms - hospitality chain. Their capability to provide debt finance adds strategic depth to startups, enhancing growth while mitigating dilution risk.