India's premier venture Debt Business

about us

Started in 2008, InnoVen Capital is India's first and largest venture debt and specialty lending business. InnoVen Capital India, erstwhile SVB India Finance, was rebranded as a result of being acquired by Temasek Holdings in 2015. Over the last six years, we have backed several leading high growth venture capital-backed companies through various stages of their development and across different industry sectors and business models. We seek to encourage entrepreneurs and high-potential ideas with our support through diverse debt capital options.

InnoVen Capital is a subsidiary of Temasek Holdings, an investment company based in Singapore.

our Strengths that work for you

8

Cities Reached

25

+
Years Of Cumulative Venture
Debt Experience

30

+
Investor Relationships

50

+
Companies Funded

75

+
Debt Transactions

venture debt

Entrepreneurship requires risk takers across various capacities. The primary and most important ingredient is the entrepreneur followed by the venture capital investor. Venture debt is the next logical layer of risk capital which provides entrepreneurs an extension of their cashflow runway between equity rounds enabling them to make their companies more valuable with a relatively inexpensive form of capital (compared to equity). This cash buffer can be used by companies to power growth, build out the platform, make key hires, spend on marketing or finance their working capital needs. Companies have also used venture debt to finance acquisitions and global expansion as well. Overall, this is a form of flexible capital which works in tandem with entrepreneurs and investors to help improve the ability of the company to increase enterprise value.

portfolio

InnoVen Capital India is the debt provider of choice for over 50 companies who have taken venture debt from us as a way to augment the equity that they have raised from top tier venture capital firms which is over $3 billion. More than a third of all our clients have come back to us for follow on rounds of debt as they have subsequently raised larger equity rounds. We are proud to be partners in the growth and success of these innovative ventures.

our people

The team has a synergistic blend of skills and relationships which along with several years of venture debt experience makes Innoven Capital India the preferred partner for entrepreneurs and investors.

Ajay Hattangdi

CEO & Managing Director, India and South East Asia
Ajay Hattangdi is Chief Executive Officer & Managing Director responsible for leading InnoVen Capital's businesses in India and South East Asia. Ajay is widely recognized as the pioneer of the venture lending segment of the corporate finance industry in India. He has worked with venture capitalists and entrepreneurs in introducing the concept of venture lending for over 10 years since he founded Citigroup India's venture debt business in 2005. At that time, Ajay had the added responsibility of being the head of strategy for the Citigroup's corporate and investment bank in the country. Ajay subsequently went on to establish SVB India's specialty lending business in 2008 which was the first institution in the country to exclusively provide venture debt to venture capital backed companies. SVB's India business was subsequently rebranded InnoVen Capital India as a result of being acquired by Temasek Holdings in 2015. Ajay is on the advisory board of Mumbai Angels which is among the largest angel groups in India and a member of the steering committee of the Association of Indian Angel Groups, a collective of accredited angel investor groups in India. Hattangdi is also a Charter Member of the Mumbai Chapter of The Indus Entrepreneurs and an active mentor on the Mentorship Program. He is a regular speaker on the angel and venture capital circuit. In 1998, Ajay co-founded PRAJA Foundation, a voluntary Mumbai-based non-profit committed to re-establishing accountability and transparency in public governance. Ajay has a Bachelor's in Commerce from Sydenham College, a Master's degree in Banking & Finance from Mumbai University, as well as an MBA from the State University of New York at Buffalo. His other interests include playing squash, a staple diet of food shows, and an ongoing attempt to understand quantum theory.

Anshu Prasher

Associate Director
Anshu Prasher is an Associate Director at InnoVen Capital India. Since joining the firm in January 2013, he has been responsible for originating and executing venture debt transactions for high growth and innovative Indian companies. In addition to his role in leading debt transactions, Anshu is responsible for developing partnerships with other debt providers and building the firm's syndication capabilities. Anshu brings rich experience of working across banking and financial services. Prior to joining InnoVen Capital India (formerly SVB India Finance), Anshu worked with Debt Capital Markets, Kotak Mahindra Bank on structured debt transactions including acquisition and promoter financing across various sectors. He has prior Corporate Banking experience with Kotak and retail banking experience with Citibank. Anshu holds a PGDM from Indian Institute of Management, Lucknow and a B.A. (Honors) in Geography from DAV College, Jalandhar. Besides work, Anshu loves to explore new places, connect with new people and ideas. Like most other Indians, he loves cricket but also follows basketball and football among other sports.

Punit Shah

Associate Director
Punit is an Associate Director at InnoVen Capital India where he is responsible for sourcing, negotiating, and closing venture debt deals as well as developing alliances and building relationships in the startup ecosystem. Punit also leads the firm's deal sourcing activity for mezzanine lending opportunities with established, profitable, lower middle-market bootstrapped companies in India. Punit brings almost a decade of transaction experience involving both commercial lending and financial consulting for middle-market companies. Prior to joining Innoven Capital India (formerly SVB India Finance), Punit worked with the Corporate Banking team in Yes Bank and originated and executed deals in the Media and Entertainment space. He has also worked with HSBC Ltd in India where he was responsible for providing credit facilities to SMEs in Western India, and Ernst & Young where Punit worked with the Transaction Support Services Department on M&A taxation. Punit has a Bachelor's in Commerce from HR College, Mumbai University and holds a Management Degree from Welingkar Institute of Management Studies. He is an animal and movie enthusiast in addition to having a keen interest in sports.

Vinod Murali

Managing Director
Vinod Murali is Managing Director at InnoVen Capital India and is responsible for leading the business unit engaged in providing venture debt as well as managing the portfolio in India. He has successfully led his team to execute numerous Venture Debt transactions across sectors like technology, financial services, media, healthcare, retail and clean-tech. In addition to the venture debt portfolio, Vinod also oversees the recently launched mezzanine debt financing business aimed at providing profitable, lower middle-market founder funded companies in India with flexible growth capital options. Prior to joining Innoven Capital India (formerly SVB India Finance) in 2008, Vinod worked in Citigroup as part of the Corporate and Investment Banking Group where he managed large corporate relationships across Auto, Healthcare and Consumer industries. He also started Citigroup's Media lending practice in India. Vinod started his banking career with ICICI Bank in marketing with stints in the Corporate Branding Group, Rural Business Group as well as the Corporate Banking Group. Vinod holds a PGDBM from the Indian Institute of Management at Ahmedabad and a Bachelor's degree in Technology from the Indian Institute of Technology at Chennai (Madras). Vinod enjoys running and has a keen interest in Trivia as well as Science Fiction.

Ankit Agarwal

Senior Associate
Ankit is a Senior Associate at InnoVen Capital India where he is responsible for sourcing, evaluating and executing venture debt transactions in India as well as supporting the firm's emerging lending business in South-East Asia. In addition to his lending role, Ankit co-leads the firm's initiative to work with seed and angel backed companies and position them for success by providing guidance on funding raising alternatives and connecting with investors, key business partners and peers. In November 2013, Ankit helped contribute to the publishing of the first formal study highlighting angel investment activity in India conducted in partnership with the key angel groups in the country. Prior to joining SVB India in 2011, Ankit was a Credit Risk Manager with YES Bank in Mumbai and was responsible for due diligence and credit risk evaluation of SME clients. He started his career as a credit analyst with ICICI Bank, Kolkata. Ankit holds a PGDM from IMT Ghaziabad and a Bachelor's in Commerce from St. Xavier's College, Kolkata. Ankit is a qualified Chartered Accountant (ICAI) and Company Secretary (ICSI). He is an avid backpacker and collects memories, loves listening to Pink Floyd and is always up to debate new ideas.

Suhani Chhaparwal

Associate
Suhani Chhaparwal is an Associate at InnoVen Capital India where she assists the Deal Leads on evaluation, structuring, and closure of new transactions as well as portfolio monitoring. Suhani co-leads the firm's outreach program focused on building relationships with entrepreneurs at an early stage and actively engages with pre-VC, seed and angel funded ventures. In addition to providing support on the lending activities, Suhani is also responsible for all marketing initiatives and media relations for InnoVen Capital India. Suhani is a Chartered Accountant (ICAI) by qualification and a Commerce Graduate with distinction from Narsee Monjee College, Mumbai University. She loves traveling, binge-watching television shows and playing board games.

Sujana Ravishankar

Client Support & Office Administration
Sujana Ravishankar handles Client Support and Administration at InnoVen Capital India. Sujana has almost two decades of experience in Office Administration having started her career with a Pharmaceutical Marketing Consultancy where she spent eight years gaining knowledge in different aspects of publications, administration, and HR. She then moved to Cushman & Wakefield India before joining Innoven Capital India (formerly SVB India Finance) in 2008. Sujana has a B.A. from Mumbai University and a holds a diploma in Human Resource Management from Welingkar Institute of Management Studies. An ex-athlete, Sujana still enjoys trekking and is a regular practitioner of yoga and meditation. She also likes Indian classical music and dance.
In the News

Deal Alert: SVB releases report on Indian angel investments

ventureintelligence.blogspot Nov 26, 2013

Silicon valley bank parent eyes India, China

moneycontrol.com Jun 06, 2011

Strike One For Debt

businessworld.in May 20, 2011

Q&A: Ajay Hattangdi, MD, SVB India Finance

business-standard.com Jun 23, 2010

SVB Group starts NBFC in India

business-standard.com Aug 19, 2008

SVB to focus on venture lending in India

livemint.com Oct 08, 2007
Releases

Peloton

Anshu Prasher Mar 31, 2015

Budget expectations in startup lingo

Vinod Murali Feb 26, 2015

Growth or Caution, Teenache for Startups

Vinod Murali Apr 16, 2014

Teenache for startups

team Mar 13, 2014

Angel Investments Report 2013

Team Nov 2013

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