Venture CapitalElev8 Venture Partners
StagesSeries B, Series C+
SectorsSaaS / Enterprise, Fintech, Consumer / D2C · Early-stage builders, Founder-led / operator capital
Ticket$5M
Provide venture debt to high-growth, VC-backed startups in India and Southeast Asia
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Provide venture debt to high-growth, VC-backed startups in India and Southeast Asia
5 companies mapped to this fund.
Background and context for founders evaluating this investor.
Innoven Capital is one of India's leading venture debt firms, specializing in providing structured debt financing to VC-backed startups that are looking to extend runway or fund specific growth initiatives without further diluting founder equity. Unlike traditional equity investors, Innoven offers loan-based capital that is repaid over a defined tenure, making it particularly useful between equity rounds or as a complement to a primary equity raise. The firm is active across all major sectors and works with startups from the Seed stage all the way through Series B and beyond, with typical cheque sizes ranging from INR 10 crore to INR 100 crore depending on the company's stage and capital needs. Innoven's portfolio includes some of India's most recognized consumer and B2B names, reflecting their comfort with high-velocity, capital-intensive business models. For founders, engaging with Innoven generally requires having an existing institutional equity backer and demonstrable revenue traction, as venture debt is typically underwritten against the credibility of co-investors and the startup's growth trajectory. Their presence in Southeast Asia also makes them a strong partner for India-origin startups with regional ambitions.
Unlike traditional equity investors, Innoven offers loan-based capital that is repaid over a defined tenure, making it particularly useful between equity rounds or as a complement to a primary equity raise.
Byjus , Swiggy , Infra market (200+) Ticket researched: typical venture debt ~₹3–100 Cr (Backrr / India venture debt databases); scales with stage.
Problem, team , TAM , unit economics
Data confidence: Unverified – inferred
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