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United Overseas Bank and Temasek Invest $ 200 Million in Innoven Capital

Innoven Capital proclaimed that the company obtained an extra $200 million capital investment from stakeholders—United Overseas Bank and Temasek, investing $ 100 million respectively
BY BEx Bureau
BusinessEx
May 15, 2019

Asias renowned venture debt provider, Innoven Capital proclaimed that the company obtained an extra $200 million capital investment from stakeholdersUnited Overseas Bank and Temasek, investing $ 100 million respectively.

With the additional investment, Innoven Capital will optimize the vast potential comprised in Asias venture debt space.

Currently, Innoven Capital has a presence in China, India and South-East Asia. The company has shored up over 200 startup companies and invested about $500 million. It has a diversified portfolio, a wide footprint in Asia and a nexus of shareholders.

As the largest venture debt provider in India and a leading player in Asia, we are excited to continue working with passionate founders to support innovative ideas. 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, CEO of Innoven CapitalIndia, Ashish Sharma told the Indian daily news, Business Standard.

InnoVen has rapidly become the leading venture lender in Southeast Asia, helping entrepreneurs accelerate their companys growth while minimising equity dilution. The additional capital from our shareholders allows us to engage even more start-ups and to continue to build out a truly, unique platform which allows InnoVen to collaborate with the best VCs, corporates and entrepreneurs from across all of Asia. CEO of InnoVen Capital Singapore and Southeast Asia, Chin Chao told the Indian daily news, Business Standard.

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