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InnoVen Capital

Asia, Maharashtra, India, Mumbai

Description

InnoVen Capital stands out as a leading venture lending firm in Asia, distinguishing itself from traditional equity venture capital by providing debt capital to high-growth startups. Established as a strategic joint venture between Singapore's sovereign wealth fund Temasek and UOB Group, the firm offers non-dilutive financing solutions that complement equity rounds. This approach allows companies to extend their operational runway, fund specific growth initiatives, or optimize their capital structure without further equity dilution, making it an attractive option for maturing startups.

With its primary headquarters in Mumbai and significant operational hubs in Singapore and Beijing, InnoVen Capital has cultivated a strong presence across the diverse Asian startup ecosystem. The firm has demonstrated substantial commitment to fostering innovation and growth, having disbursed over US$1.2 billion across more than 300 startups throughout the region since its inception. This extensive track record underscores its deep market understanding and its capability to support companies across various stages of their development, from Series A onwards.

InnoVen Capital typically partners with companies that have already secured institutional equity funding, offering flexible debt solutions tailored to specific needs, ranging from working capital to significant growth financing. While the exact cheque sizes can vary considerably based on a company's stage, revenue, and capital requirements, their typical deployments for initial engagements often fall within the range of US$500,000 to US$15 million. This flexible and stage-agnostic approach enables them to cater to a broad spectrum of companies, from early-stage ventures seeking to optimize their capital to more mature, pre-IPO companies requiring substantial capital for expansion.

Investor Profile

InnoVen Capital has backed more than 48 startups, with 6 new investments in the last 12 months alone. The firm has led 6 rounds, about 13% of its total and boasts 44 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series D, Series B rounds (top funding stages).
  • Majority of deals are located in India, United States, Singapore.
  • Strong thematic focus on E-Commerce, Financial Services, E-Commerce Platforms.
  • Led 3 rounds in the past year.
  • Typical check size: $500K – $15M.

Stage Focus

  • Series A (21%)
  • Series D (19%)
  • Series B (19%)
  • Series C (15%)
  • Seed (8%)
  • Series Unknown (6%)
  • Series E (6%)
  • Debt Financing (6%)

Country Focus

  • India (65%)
  • United States (10%)
  • Singapore (10%)
  • Indonesia (4%)
  • Malaysia (4%)
  • Taiwan (2%)
  • Vietnam (2%)
  • Philippines (2%)

Industry Focus

  • E-commerce
  • Financial Services
  • E-commerce Platforms
  • Logistics
  • Fintech
  • Artificial Intelligence (Ai)
  • Health Care
  • Food And Beverage
  • Software
  • Automotive
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does InnoVen Capital frequently co-invest with?

Jungle Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Stride Ventures
Asia, Delhi, India, New Delhi
Co-Investments: 4
Alteria Capital
Asia, Maharashtra, India, Mumbai
Co-Investments: 5
Bertelsmann India Investments
Europe, Utrecht, The Netherlands, Abcoude
Co-Investments: 2
Peak XV Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 3
Stellaris Venture Partners
Asia, Karnataka, India, Bangalore
Co-Investments: 3
Accel
North America, California, United States, Palo Alto
Co-Investments: 3
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 2
Tribe Capital
North America, California, United States, San Francisco
Co-Investments: 2
SIG venture capital
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 3

Which angels does InnoVen Capital often collaborate with?

Binny Bansal
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
EP
Europe, Bayern, Germany, Munich
Shared Deals: 1
AO
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 3
Vatsal singhal
Asia, Karnataka, India, Bangalore
Shared Deals: 2
Rohit Kapoor
Asia, Haryana, India, Gurgaon
Shared Deals: 1
Radhika Ghai
Asia, Haryana, India, Gurgaon
Shared Deals: 1
Suhail Sameer
Asia, Delhi, India
Shared Deals: 1
Nitish Mittersain
Asia, Maharashtra, India, Mumbai
Shared Deals: 2
Arjun Vaidya
Asia, Maharashtra, India, Mumbai
Shared Deals: 1

What are some of recent deals done by InnoVen Capital?

Emversity

Bangalore, Karnataka, India

Emversity is an employability-led education platform that offers industry-aligned training programs.

EdTechEducationEmploymentTraining
SeedApr 23, 2025
Amount Raised: $5,000,000
Atome

Singapore, Central Region, Singapore

Atome is an omnichannel brand with a buy now, pay later feature allowing customers to split payments over time.

AppsArtificial Intelligence (AI)Brand MarketingE-CommerceFinancial ServicesFinTechiOSMobile AppsMobile PaymentsPayments
Debt FinancingFeb 11, 2025
Amount Raised: $80,000,000
Rainforest Life

Singapore, Central Region, Singapore

Rainforest buys e-commerce brands and grows them with a focus on long-term success.

E-Commerce
Series UnknownDec 9, 2024
Udaan

Bangalore, Karnataka, India

Udaan is an eB2B platform that connects retailers, wholesalers, and manufacturers to solve core trade problems across various industries.

B2BE-CommerceRetail
Debt FinancingOct 28, 2024
Amount Raised: $35,670,525
Servify

Mumbai, Maharashtra, India

Servify is a self-learning platform that provides device management services and warranty solutions.

Consumer ApplicationsConsumer ElectronicsConsumer SoftwareEnterprise Software
Debt FinancingAug 28, 2024
Amount Raised: $5,956,468
Punch

Mumbai, Maharashtra, India

Punch, a registered trading platform by SEBI-registered Market Pulse Securities, offers index, stock options, and direct stock trading.

Financial ServicesFinTechTrading Platform
SeedAug 6, 2024
Amount Raised: $7,000,000
Emversity

Bangalore, Karnataka, India

Emversity is an employability-focused education organization that prepares students for success in today's competitive job market.

EdTechEducationEmploymentSoftwareTraining
SeedDec 19, 2023
Amount Raised: $10,952,264
Punch

Mumbai, Maharashtra, India

Punch, a registered trading platform by SEBI-registered Market Pulse Securities, offers index, stock options, and direct stock trading.

Financial ServicesFinTechTrading Platform
SeedOct 30, 2023
Amount Raised: $7,000,000
Capillary Technologies

Bengaluru, Karnataka, India

Capillary Technologies develops customized and cloud-based customer analytics and marketing platforms.

AnalyticsEnterprise SoftwareProductivity ToolsRetailSaaS
Series DJun 1, 2023
Amount Raised: $40,000,000
Turno

Bengaluru, Karnataka, India

Turno is an automobile company that provides 3 wheeled electric vehicles and financing to customers.

BatteryElectric VehicleFinancial ServicesFinTech
Series AFeb 9, 2023
Amount Raised: $13,570,535