InnoVen Capital

InnoVen Capital is a prominent venture lending firm based in Mumbai, India, with additional offices in Singapore and Beijing. Established in 2008, it was re-branded following a buyout by Temasek Holdings and UOB Group in 2015. As the first and largest venture debt provider in India, InnoVen Capital specializes in offering debt financing to high-growth and innovative technology startups across various growth stages and sectors. The firm has a strong credit rating, reflecting its financial stability and reliability. InnoVen Capital has facilitated over 190 loans to more than 150 startups throughout India and Southeast Asia, providing a range of debt capital solutions, including venture debt, acquisition finance, growth loans, and syndication.

Punit Shah

Director

Ashish Sharma

CEO

Past deals in FMCG

FAASOS

Debt Financing in 2022
FAASOS, operated by Rebel Foods Services, is an on-demand food delivery platform that primarily functions through a mobile app. It is transforming the way customers order and receive food, serving approximately 10,000 customers daily, with a rapidly increasing user base. The service is currently available in ten cities, focusing exclusively on app-based orders to enhance customer convenience and streamline the delivery process. As a pioneer in the food tech space, FAASOS continues to expand its reach and improve its offerings to meet the growing demand for quick and accessible food delivery solutions.

KitaBeli

Venture Round in 2022
KitaBeli is a social commerce startup founded in 2020 by Prateek Chaturvedi, Ivana Tjandra, Gopal Rathore, and Subhash Bishnoi. The company operates a gamified platform that specializes in fast-moving consumer goods (FMCG) and facilitates group buying. Users can invite friends and neighbors to form groups, allowing them to access discounted prices on essential items. By leveraging their social networks, users can earn money and enjoy additional discounts, making informed purchasing decisions while fostering social interactions around deals. KitaBeli's approach aims to enhance affordability and convenience in the shopping experience.

FarMart

Series A in 2021
FarMart is an agritech company focused on empowering farmers and enhancing the agricultural supply chain through technology. By providing a platform that connects farmers with retailers and food businesses, FarMart facilitates the easy exchange of farm-related information and sourcing of agricultural products at competitive prices. The company aims to address the challenges faced by farmers by granting them access to essential resources and markets, ultimately fostering a more sustainable and efficient agricultural ecosystem that benefits both producers and consumers.

Mensa Brands

Debt Financing in 2021
Mensa Brands is a brand-building company that focuses on identifying and investing in established digital-first brands within the lifestyle, home, and beauty sectors. The company provides working capital and equity investments to direct-to-consumer startups, aiming to enhance their online presence and drive growth. By leveraging its expertise in areas such as product development, merchandising, technology, and supply chain management, Mensa Brands supports founders in achieving successful financial exits while transforming their businesses through effective partnerships.

WayCool

Series C in 2021
WayCool is an agri-tech company focused on the processing, distribution, and procurement of fresh produce, dairy products, and staples. By utilizing technology and innovative quality management practices, WayCool enhances logistics and distribution services while also increasing farmers' income. The company sources fruits and vegetables primarily from smallholder farmers and aggregators, distributing these products to local shops, modern retail outlets, hotels, restaurants, and catering establishments. Additionally, WayCool operates a retail brand called SunnyBee, which includes physical stores, mobile stores on trucks, and e-commerce platforms. Through these channels, WayCool establishes direct connections between farmers and consumers, ensuring efficient access to fresh, clean, and quality produce. The company also offers a range of high-quality private label products through collaborations with sister companies.

WayCool

Debt Financing in 2020
WayCool is an agri-tech company focused on the processing, distribution, and procurement of fresh produce, dairy products, and staples. By utilizing technology and innovative quality management practices, WayCool enhances logistics and distribution services while also increasing farmers' income. The company sources fruits and vegetables primarily from smallholder farmers and aggregators, distributing these products to local shops, modern retail outlets, hotels, restaurants, and catering establishments. Additionally, WayCool operates a retail brand called SunnyBee, which includes physical stores, mobile stores on trucks, and e-commerce platforms. Through these channels, WayCool establishes direct connections between farmers and consumers, ensuring efficient access to fresh, clean, and quality produce. The company also offers a range of high-quality private label products through collaborations with sister companies.

WayCool

Series C in 2020
WayCool is an agri-tech company focused on the processing, distribution, and procurement of fresh produce, dairy products, and staples. By utilizing technology and innovative quality management practices, WayCool enhances logistics and distribution services while also increasing farmers' income. The company sources fruits and vegetables primarily from smallholder farmers and aggregators, distributing these products to local shops, modern retail outlets, hotels, restaurants, and catering establishments. Additionally, WayCool operates a retail brand called SunnyBee, which includes physical stores, mobile stores on trucks, and e-commerce platforms. Through these channels, WayCool establishes direct connections between farmers and consumers, ensuring efficient access to fresh, clean, and quality produce. The company also offers a range of high-quality private label products through collaborations with sister companies.

Fave

Venture Round in 2019
Fave is a digital platform designed to bridge the gap between offline businesses and consumers, facilitating the transition to a digital economy. It allows users to plan activities, purchase discounted offers, and connect with various service providers, including those in the spa, health, fitness, and food sectors. The platform serves as a payment aggregator, accepting major card brands and digital wallets, and offers integrated solutions that enhance merchant visibility through marketing, data insights, and operational support. Operating in over 35 cities across Singapore, Malaysia, and Indonesia, Fave aims to empower merchants by allowing them to focus on their core services while the platform manages additional aspects of customer engagement and payment processing.

Milkbasket

Debt Financing in 2019
Launched in early 2015, Milkbasket is India’s first and largest micro – delivery service of daily essentials. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday with 6000+ products across 13+ categories. Milkbasket has innovated flexi-ordering and contactless deliveries, both global first, that enables its users to add or modify their orders till late midnight and get their no-disturbance silent deliveries right at their doorstep by 7 am next morning. Milkbasket, backed by Reliance, is currently live in 20+ cities including major cities like Delhi NCR, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad and expanding its footprints across other major Tier I and Tier II cities.

FAASOS

Series D in 2019
FAASOS, operated by Rebel Foods Services, is an on-demand food delivery platform that primarily functions through a mobile app. It is transforming the way customers order and receive food, serving approximately 10,000 customers daily, with a rapidly increasing user base. The service is currently available in ten cities, focusing exclusively on app-based orders to enhance customer convenience and streamline the delivery process. As a pioneer in the food tech space, FAASOS continues to expand its reach and improve its offerings to meet the growing demand for quick and accessible food delivery solutions.

Epigamia

Series C in 2019
Epigamia is a premium all-natural Greek yogurt that encourages a healthy lifestyle one cup at a time. Launched in June 2015, they are focused on traditional dairy.

Furlenco

Venture Round in 2019
Furlenco is a Bangalore-based home furniture subscription service founded in 2012 by Ajith Karimpana. The company addresses the need for well-designed and affordable furniture rental solutions, catering to a diverse clientele, including students, families, and expatriates. Furlenco offers a curated selection of furniture for various living spaces such as living rooms, bedrooms, and dining areas. Its online platform provides convenience through features like free relocation, free swapping of items, complimentary deep-cleaning services, and damage waivers. This model allows customers to access quality furniture while being able to adapt their selections to meet changing lifestyle needs.

1mg

Venture Round in 2019
1mg is a digital consumer healthcare platform based in Gurgaon, Haryana, India, that aims to make healthcare more accessible, understandable, and affordable. Launched in 2015, it allows users to find detailed information about medicines prescribed by doctors and purchase them directly. The platform enables users to search for drugs based on ailments, classes, companies, and brands. Additionally, 1mg offers a service that helps consumers find the right healthcare professionals tailored to their needs. Its diagnostics service enhances transparency and cost-effectiveness in lab tests, empowering Indian consumers and caregivers to choose appropriate healthcare services at competitive prices.

Bizongo

Venture Round in 2019
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.

Raw Pressery

Venture Round in 2018
RAW Pressery is a clean-label beverage brand that delivers cold-press juices, smoothies, soups, and nut milk to customers. RAW Pressery directly works with farmers to get the best quality fruits, vegetables, and nuts from across the world, pack the goodness in a bottle, and deliver it to the customers' doorstep. RAW Pressery was founded on 2014 and is headquartered in Mumbai, India.

FreshMenu

Venture Round in 2018
FreshMenu offers a food delivery service that provides fresh and tasty cuisines of the highest standard. FreshMenu’s meal packages are now available for delivery at Koramangala, Richmond Town, Langford Town, Lavelle Road, MG Road, Victoria Layout, Domlur, Old Airport Road, Indiranagar, Ulsoor, Old Madras Road, Whitefield, Marathahalli, Bellandur, Sarjapur Road, HSR Layout, Bannerghatta Road, Jayanagar and JP Nagar areas.

Nongfenqi

Series C in 2018
Nongfenqi, a rural internet finance services platform.Run by Nanjing Nongfenqi E-Commerce Co. Ltd., provides installment payment services to large farming groups and collaborative communes on their agricultural equipment purchases. The company has provided services to 20,000 clients so far, the report added.

FreeCharge

Venture Round in 2017
FreeCharge is an e-commerce website headquartered in Mumbai, Maharashtra that provides online facility to recharge any prepaid mobile phone, postpaid mobile, DTH & data card in India. The website was started in August, 2010 by Kunal Shah of Accelyst Solutions Pvt. Ltd. In November 2012, the company claimed to be doing online recharge of INR 6 million on a daily basis, translating to INR 2.19 billion a year. It provides online facility to recharge any prepaid mobile phone in India. The amount paid by the user for recharge is returned in form of shopping coupons of some of the top retailers in India, thereby making the recharge virtually free. The first two retailers for which coupons were available were McDonald's and Barista. and were followed by other big retailers such as Café Coffee Day, Domino's Pizza, Cromā, Puma, Shoppers Stop and Jet Airways. In 2011, FreeCharge was named one of the most promising technology startups from India by Pluggd.in.

Yatra

Post in 2017
Yatra provides airline reservation flight ticket booking service online. Book cheap flights tickets, hotels, discount honeymoon holiday packages, cheapest air travel holiday fare with affordable hotel vacation package in India.

Epigamia

Series B in 2017
Epigamia is a premium all-natural Greek yogurt that encourages a healthy lifestyle one cup at a time. Launched in June 2015, they are focused on traditional dairy.

Shadowfax

Venture Round in 2017
Shadowfax is an on-demand logistics network that provides tech-enabled delivery solutions. Shadowfax’s unique app enables delivery of food, pharmacy,y, and e-commerce for businesses and helps them create customer delight using technology. With a focus on engineering pleasant experiences for customers, Shadowfax envisions becoming a desirable and trustworthy delivery platform for customers.

Shadowfax

Series B in 2016
Shadowfax is an on-demand logistics network that provides tech-enabled delivery solutions. Shadowfax’s unique app enables delivery of food, pharmacy,y, and e-commerce for businesses and helps them create customer delight using technology. With a focus on engineering pleasant experiences for customers, Shadowfax envisions becoming a desirable and trustworthy delivery platform for customers.

FabHotels

Venture Round in 2016
Fabhotels provides its clients with a budget hotel chain in India. It partners with smaller hotels for providing standardized services to budget travelers.

PepperTap

Series B in 2015
PepperTap is a mobile application that provides grocery delivery service. It enables users to buy fruits, vegetables, and groceries that will be delivered in 2 hours with just a few taps. The company aims to be the fastest on-demand grocery delivery service in India that provides convenience, on-time and on-demand delivery to its patrons, along with superlative services and hand-picked products. PepperTap was founded in 2014 and is headquartered in Gurgaon, Haryana.
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