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InnoVen Capital receives $200mn new funding commitment from shareholders

Press Trust of India  |  New Delhi 

Venture debt provider Tuesday said it has received a capital commitment of USD 200 million (over Rs 1,400 crore) from its shareholders and United Overseas Bank Ltd.

Both entities will contribute USD 100 million each and the additional commitment will allow to tap the immense potential in the venture debt space across Asia, a statement said.

operates in India, and South East and has supported over 200 start-ups with over USD 500 million (over Rs 3,500 crore) in financing.

"Access to additional equity capital along with the ability to leverage the balance sheet will position us well, as we drive an ambitious growth agenda," said.

Chin Chao, of and Southeast Asia, said the additional capital will allow it to engage with more start-ups and build a platform that allows collaboration with VCs, corporates and entrepreneurs from across

Established in 2008, InnoVen has been an investor in companies like Swiggy, OYO Rooms, Byju's, FirstCry, GreyOrange, Quikr, Rivigo, and Yatra, among others.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 17:11 IST