# InnoVen Capital: portfolio, investments and team

> InnoVen Capital is a venture debt based in India. 78 investments on record, 6 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/innoven-capital-india (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# InnoVen Capital

Last cheque observed Oct 2026; 78 cheques on record.

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Deploying now Venture debt

Seed Series A Series B Technology

Follow InnoVen Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Finnoven-capital-india)

Deploying now

**60%** of best year **6** **cheques in 12 months**, 78 on record

Since the last cheque **18** days **00** hrs **00** min **00** sec

Median round **$10M** Rounds led **0 of 78** Sole investor **13 rounds** Mostly in **Singapore, 44%**

Pitch InnoVen Capital

## InnoVen Capital highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Venture and Series B: 68% of its rounds
- 03 Sole investor in 13 rounds, median $5.0M

## What they do

> InnoVen Capital is Asia’s leading venture lending platform providing debt capital to high growth, venture-backed technology companies. From their own website

- **Type:** Venture debt
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Technology
- **Based in:** Mumbai, India
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **78 appearances**

- **2026** 6 rounds
- **Oct** **[Mesa School of Business](https://millionrounds.com/company/mesa-school-of-business)** Series A · IN · Inc42 **$12M** With 3 others
- **Jun** **[Silicon Box](https://millionrounds.com/company/silicon-box)** Debt · SG **$78M** With 4 others
- **Jun** **[XCharge](https://millionrounds.com/company/xcharge)** DE **$4.4M** With 3 others
- **May** **[Atome](https://millionrounds.com/company/atome)** Venture · SG **$149M** With 2 others
- **Mar** **[Dat Bike](https://millionrounds.com/company/dat-bike)** Venture **$4.0M** With 4 others
- **Jan** **[Emversity](https://millionrounds.com/company/emversity)** Series A · IN · TechCrunch **$30M** With 4 others
- **2025** 7 rounds
- **Aug** **[ZUZU Hospitality](https://millionrounds.com/company/zuzu-hospitality)** Series B · SG · Wavemaker Growth **$5.9M** With 6 others
- **Jul** **[Safe Security](https://millionrounds.com/company/safe-security)** Series C · US **$70M** With 3 others
- **Jul** **[Eekifoods](https://millionrounds.com/company/eekifoods)** Series A **$7.0M** With 2 others
- **Jun** **[RenewBuy](https://millionrounds.com/company/renewbuy)** Venture **$10M** Sole investor
- **Jun** **[Pepperfry](https://millionrounds.com/company/pepperfry)** Venture **$5.1M** With 2 others
- **Mar** **[Otipy](https://millionrounds.com/company/otipy)** Debt **$2.0M** With 1 other
- **Mar** **[Vahdam Teas](https://millionrounds.com/company/vahdam-teas)** Venture **$2.9M** Sole investor
- **2024** 10 rounds
- **Dec** **[Rainforest Life](https://millionrounds.com/company/rainforest-life)** Venture · SG **Undisclosed** With 3 others
- **Dec** **[K-12 Techno Services](https://millionrounds.com/company/k-12-techno-services)** Secondary **$40M** With 1 other
- **Aug** **[Punch](https://millionrounds.com/company/punch)** Seed · US **$7.0M** With 1 other
- **May** **[Niro](https://millionrounds.com/company/niro)** Series B **$4.3M** With 1 other
- **Apr** **[Portea Medical](https://millionrounds.com/company/portea-medical)** Growth **$20M** With 4 others
- **Apr** **[BeepKart](https://millionrounds.com/company/beepkart)** Series A **$6.5M** With 2 others
- **Apr** **[LetsTransport](https://millionrounds.com/company/letstransport)** Series E **$22M** With 2 others
- **Feb** **[boAt](https://millionrounds.com/company/boat)** Venture **Undisclosed** With 2 others
- **Jan** **[AgriAku](https://millionrounds.com/company/agriaku)** Venture **Undisclosed** Sole investor
- **Jan** **[Blowhorn](https://millionrounds.com/company/blowhorn)** Venture **Undisclosed** With 3 others
- **2023** 8 rounds
- **Dec** **[GreyOrange](https://millionrounds.com/company/greyorange)** Series D · US **$135M** With 3 others
- **Nov** **[Edamama](https://millionrounds.com/company/edamama)** Series A **$10M** With 1 other
- **Sept** **[XCharge](https://millionrounds.com/company/xcharge)** Venture · DE **Undisclosed** With 2 others
- **Sept** **[Huangbaoche](https://millionrounds.com/company/huangbaoche)** Venture **$27M** With 4 others
- **Sept** **[Fabhotels](https://millionrounds.com/company/fabhotels)** Venture **$20M** With 3 others
- **May** **[Janio Asia](https://millionrounds.com/company/janio-asia)** Series B · SG **$8.0M** With 1 other
- **May** **[Cogoport](https://millionrounds.com/company/cogoport)** Venture **Undisclosed** With 2 others
- **Jan** **[Medwell Ventures](https://millionrounds.com/company/medwell-ventures)** Venture **Undisclosed** With 1 other
- **2022** 9 rounds
- **Nov** **[Simplilearn](https://millionrounds.com/company/simplilearn)** Series E · US **$45M** With 3 others
- **Nov** **[CredR](https://millionrounds.com/company/credr)** Debt **$2.0M** With 3 others
- **Oct** **[Structo](https://millionrounds.com/company/structo)** Venture · SG **$10M** With 4 others
- **Sept** **[ZipLoan](https://millionrounds.com/company/ziploan)** Venture **Undisclosed** With 2 others
- **Sept** **[Epigamia](https://millionrounds.com/company/epigamia)** Debt **$4.3M** Sole investor
- **Mar** **[UpScalio](https://millionrounds.com/company/upscalio)** Series B **$15M** With 2 others
- **Jan** **[Moglix](https://millionrounds.com/company/moglix)** Series F · SG **$250M** With 5 others
- **Jan** **[Hospals](https://millionrounds.com/company/hospals)** Seed **$3.5M** With 3 others
- **Jan** **[uCloudlink](https://millionrounds.com/company/ucloudlink)** Debt · HK **$5.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Economictimes

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$10M** the round, not its cheque Alone, median **$5.0M**

Led 0 of 78 rounds **0%**

- **Sole investor:** 13 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *32*
- Series B said *11*
- Debt *9*
- Series A said *7*
- Series D *4*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Alteria Capital](https://millionrounds.com/fund/alteria-capital) 7
- [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) 6
- [Accel](https://millionrounds.com/fund/accel) 5
- [Chiratae Ventures](https://millionrounds.com/fund/chiratae-ventures) 4
- [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) 4
- [Matrix Partners India](https://millionrounds.com/fund/matrix-partners-india) 4

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## Who they invest alongside

The investors most often in the same rounds as InnoVen Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Alteria Capital** Venture debt **7** rounds together](https://millionrounds.com/fund/alteria-capital)[**Eight Roads Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/eight-roads)[**Accel** VC firm **5** rounds together](https://millionrounds.com/fund/accel)[**Chiratae Ventures** Corporate VC **4** rounds together](https://millionrounds.com/fund/chiratae-ventures)[**Matrix Partners China** VC firm **4** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**Matrix Partners India** VC firm **4** rounds together](https://millionrounds.com/fund/matrix-partners-india)[**Peak XV** VC firm **4** rounds together](https://millionrounds.com/fund/peak-xv)[**Qualcomm Ventures** Corporate VC **4** rounds together](https://millionrounds.com/fund/qualcomm-ventures)[**Tiger Global Management** VC firm **4** rounds together](https://millionrounds.com/fund/tiger-global-management)[**Vertex Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/vertex-ventures)[**Elevation Capital** VC firm **3** rounds together](https://millionrounds.com/fund/elevation-capital-2)[**GGV Capital** VC firm **3** rounds together](https://millionrounds.com/fund/ggv-capital)

## Recently backed

The latest companies InnoVen Capital put money into.

[**Mesa School of Business** $12M · Oct 2026](https://millionrounds.com/company/mesa-school-of-business)[**Silicon Box** $78M · Jun 2026](https://millionrounds.com/company/silicon-box)[**XCharge** $4.4M · Jun 2026](https://millionrounds.com/company/xcharge)[**Atome** $149M · May 2026](https://millionrounds.com/company/atome)[**Dat Bike** $4.0M · Mar 2026](https://millionrounds.com/company/dat-bike)[**Emversity** $30M · Jan 2026](https://millionrounds.com/company/emversity)

## Mentioned on podcasts

Episodes that name InnoVen Capital in their description, not their title.

- [Prime Venture Partners Podcast](https://millionrounds.com/podcasts/prime-venture-partners) 1 Oct 2020 · 32 min #40 Demystifying Venture Debt with Ajay Hattangdi Managing Partner Alteria Capital With [Ajay Hattangdi](https://millionrounds.com/person/ajay-hattangdi) Mentions [Alteria Capital](https://millionrounds.com/fund/alteria-capital)[Citibank](https://millionrounds.com/fund/citi)[InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) Apple PodcastsShow page
- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 14 Jul 2019 · 37 min Ajay Hattangdi, Co-Founder Alteria Capital, India's largest Venture Debt Fund With [Ajay Hattangdi](https://millionrounds.com/person/ajay-hattangdi) Mentions [Alteria Capital](https://millionrounds.com/fund/alteria-capital)[Citibank](https://millionrounds.com/fund/citi)[InnoVen Capital](https://millionrounds.com/fund/innoven-capital-india) *+1* Apple Podcasts

## Quick answers about InnoVen Capital

### What does InnoVen Capital invest in?

InnoVen Capital invests most often at Venture and Series B (68% of the rounds on record), in sectors such as Technology.

### How active is InnoVen Capital?

78 investments on record, 6 of them in the last 12 months. The most recent was in Oct 2026.

### What has InnoVen Capital invested in recently?

Its most recent investments on record: Mesa School of Business (Series A, Oct 2026), Silicon Box (Debt, Jun 2026) and XCharge (Undisclosed round, Jun 2026).

### How big are InnoVen Capital's cheques?

The median round it joins is $10M.

### Does InnoVen Capital lead rounds?

Rarely, if at all: none of its 78 investments on record names it as the lead.

### Where does InnoVen Capital invest?

Most of the companies it backs are in Singapore (44%), the United States (25%) and India (13%).

### Is InnoVen Capital investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does InnoVen Capital invest alongside?

Most often Alteria Capital (7 rounds together), Eight Roads Ventures (6 rounds together) and Accel (5 rounds together).

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