Monday, October 10, 2016

InnoVen Capital India closes 15 deals worth over US$20mn in Q2 FY17

Asia’s leading venture debt and specialty lending business has announced deals funded in the second quarter for FY17. The company has provided venture debt worth over $20 million in 15 deals across new clients on-boarded and existing portfolio companies that have exhibited strong performance.


Among the new clients that InnoVen Capital has added to its growing portfolio are: OYO Rooms - Indian hotel brand that owns & operates as well as aggregates standardized hotel rooms, RAW Pressery - fresh cold pressed juices, Rentomojo - online furniture rental platform, Treebo -chain of budget hotels, HolaChef - online restaurant and food delivery platform, Fabhotels- budget hotel chain, and Crownit - a marketing and cashback app. InnoVen has also provided further funding to existing clients:Voonik, Bluestone, Koye Pharmaceuticals, Faaso’s Foods and ChaiPointin tandem with their respective financing needs.

source - http://www.indiainfoline.com/article/news-top-story/innoven-capital-india-closes-15-deals-worth-over-us-20mn-in-q2-fy17-116100600293_1.html

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