Friday, April 26

Tag: InnoVen Capital

Shiprocket raises USD 13 mn in Series C Round
11May By AdityaNo Comments
FUNDING

Shiprocket raises USD 13 mn in Series C Round

Tech based logistics aggregator Shiprocket raises USD 13 million (about Rs 100 crore) in Series C funding round. The funding was led by Tribe Capital LLC and Innoven Capital and it also saw participation from existing investor Bertelsmann India Investments. The latest round of Shiprocket's will make its total funding to USD 26 million. "The investment will be used to fuel Shiprocket's aggressive product development roadmap which includes hiring top talent across data science and engineering domains. The funds will also be focused on the company's new initiatives including its international expansions," it added. As part of the agreement, Arjun Sethi from Tribe Capital LLC will join Shiprocket's board of directors. "The boom in D2C (Direct to Consumer) brands and social se...
Read More
Bike rental startup Bounce raises $3 million
23Apr By PriyankaNo Comments
FUNDING

Bike rental startup Bounce raises $3 million

Bike rental startup Bounce has raised $3 million in debt funding from existing investors Innoven Capital. The funding will use to expand its operation. Till date, Bounce raised over $22.5 million in two rounds and the total debt funding from Innoven is now $6 million. As per the news, the bike rental is also in talks with Facebook co-founder Singapore based fund for further investment. Founded in 2014, the Bengaluru based Bounce has a fleet of 5,000 keyless bikes. Bounce offered premium motorcycle rentals under the Wicked Rides banner, it later added commute bikes under the Metro Bikes label, re-branded as Bounce in August 2018. Bounce currently claims to complete 24,000 rides a day and more than 1.9 million rides since inception. Since the start of its service in September ...
Read More
InnoVen Capital Invests $20 Million in 15 Deals
7Oct By AdityaNo Comments
BUSINESS

InnoVen Capital Invests $20 Million in 15 Deals

ANI- Asia's leading venture debt and specialty lending business InnoVen Capital has announced deals funded in the second quarter for FY17. The company has provided venture debt worth over $20 million in 15 deals across new clients on-boarded and existing portfolio companies that have exhibited strong performance. Among the new clients that InnoVen Capital has added to its growing portfolio are: OYO Rooms - Indian hotel brand that owns and operates as well as aggregates standardized hotel rooms, RAW Pressery - fresh cold pressed juices, and Rentomojo - online furniture rental platform. Between July and September this year, InnoVen as a platform has also closed its first two cross-border deals with Capillary Technologies and Simplilearn, in order to cater to their global aspirations an...
Read More
130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs
20Feb By Press Trust of IndiaNo Comments
ANALYSIS

130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs

Start-up companies in India are expected to raise $700 million and create 5,000 jobs in next 12 months, as per India Startup Outlook Report 2016 by InnoVen Capital. "About 130 companies are expected to raise $700 million in the next 12 months," said the report. InnoVen Capital India has provided over 100 loans to 70 companies across early to mid-growth stage that include Snapdeal, Freecharge, Myntra, Practo, Portea, PepperTap, Byju's, Faasos, Capillary Technologies and Manthan Systems. As per the report, an industry-wise analysis revealed that irrespective of funding stage, consumer internet and e-commerce are the most popular segments and from a hiring perspective, 97% start-ups felt they were likely to hire new employees where on an average 28% would be on the technology front. ...
Read More