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 multinational banking organisation United Overseas Bank, has provided venture debt financing to XpressBees, the logistics business spun out of baby and maternity products retailer FirstCry, on-demand home services provider Housejoy and online aggregator of hotel rooms and home stay, Stayzilla.
-Source "The Economic Times"
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