Fintech startup Chqbook has raised $1 M from InnoVen Capital to increase its loan book, according to a press release. Speaking on the development, Vipul Sharma, Founder & CEO, Chqbook stated, “We have witnessed that 50 percent of all requests on the Chqbook App are credit-related. Hence, it becomes important for us to focus on…
Pepperfry, a Mumbai-based online home furniture marketplace, has received Rs 35 crore from InnoVen Capital, marking this the third investment by the venture debt and specialty firm in the online furniture marketplace. Pepperfry’s business witnessed strong growth momentum through the Covid-19 pandemic and the company is on track to achieve profitability, Chief Financial Officer Neelesh…
WayCool Foods, agri supply chain startup, has raised $7.8 Mn in debt from Samunnati, RBL Bank, and InnoVen Capital. This follows the earlier debt financing round of USD 5.5 Mn which was guaranteed by United States International Development Finance Corporation (USIDFC) and financed by IndusInd Bank. WayCool also closed the Series C round of USD…
InnoVen Capital, India’s first and largest venture debt and specialty lending firm, announced it has invested Rs 25 crore in boAt, a lifestyle brand that deals in fashionable consumer electronics. Founded in 2016 by Aman Gupta and Sameer Mehta, Boat Lifestyle’s portfolio includes headphones, earphones, speakers, travel chargers and premium cables. Last month, the lifestyle…
LetsTransport, a Bengaluru-based logistics solution provider, announced that it has raised Rs 10 crore funding from Blacksoil Capital. Recently, the company had raised an investment of Rs 13 crore from InnoVen Capital. Founded in 2015 by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher, LetsTransport offers customized logistics solutions for clients, along with other…
LetsTransport, a Bengaluru-based intra city logistics firm that aggregates light commercial vehicles for urban logistics, announced that it has received an investment of Rs 13 crore from InnoVen Capital, according to YourStory report. Ashish Sharma, CEO of InnoVen Capital India said in a statement: “We continue to be bullish on the logistics space and expect…
Shiprocket, a logistics aggregator, announced it has raised $13 million led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments. The company in a statement said that the latest capital infusion gives nearly 30 times returns in five years for Shiprocket’s angel investors who exited in…
Drink Prime, a Bengaluru-based water purifier startup, announced that it has raised over Rs 3.6 crore as part of its seed round of funding from a clutch of investors including Snapdeal founders, as stated in a media report. Angel investor Bharath Jaisinghani and Ankit Agarwal, who is the director at Innoven Capital, also participated in…
MedGenome, a genomics-driven research and diagnostics company, announced it has raised $55 million in a new round of funding, led by global impact investment firm LeapFrog Investments. According to the Company’s statement: “The company’s two existing backers, Sequoia Capital and Belgian investor Sofina, have also participated in the latest round of equity financing.” The funds…
Bounce, a Bengaluru-based scooter sharing startup, announced it has raised $6.5 million in debt funding from existing investor InnoVen Capital. This is the third time InnoVen Capital has invested in Bounce in a span of 18 months. The total debt investment now amounts to $12 million. The company will utilise the funds in financing electric…
Chaayos, a multicity chain of tea cafes company, announced that it has raised $21.5 million funding led by Silicon Valley-based Think Investments. Existing investors SAIF Partners, Tiger Global and others also participated in the fresh funding round, including a $3 million debt investment from Innoven Capital. Earlier, Chaayos had raised $20 million in funding. According…
Chennai-headquartered WayCool Foods has raised $32 mn in a combination of equity and debt in its Series C round, the company said in a statement. The round was led by Lightbox and saw participation of FMO, the Dutch entrepreneurial development bank, as well as its current investor LGT Lightstone Aspada. The company has also partnered…
Zetwerk, a Bengaluru-based manufacturing services platform has recently raised $2.2million in a fresh funding round from InnoVen Capital. The company was founded by Amrit Acharya, Srinath Ramakkrushnan and Vishal Chaudhary. The company specializes in connecting manufacturing companies with vendors and suppliers for customized products. On the other hand, the company also has a demand model…