Funding
InnoVen Capital lends venture debt to Seeds Fincap
By Startup Enthusiast ·
- Date
- Company
- Seeds Fincap
- What it does
- InnoVen venture debt
- Kind
- Funding
- Amount
- Undisclosed
- Stage
- Venture debt
- Based in
- Gurugram
- Founded
- 2021
What they do
InnoVen Capital India Fund made a venture debt investment, whose size was not disclosed, in the lender in December 2023
What happened
Venture debt is a loan given to young companies instead of selling them shares
Why it matters
Seeds Fincap lends to small and micro enterprises, typically individuals and households running small business activities
The details
- InnoVen Capital India Fund invested via venture debt (a loan for startups).
- The amount was not disclosed.
- A law firm advised InnoVen on the deal.
Investors
About Seeds Fincap
- Product
- Gurugram-based NBFC firm dedicated to promoting financial inclusion and supporting the growth of MSMEs across India
- Customers
- Underserved MSMEs and small businesses in India.
- How it makes money
- Provides business loans through an NBFC model, earning through lending income and related fees.
- What sets it apart
- Uses cash flow-based underwriting with tech-enabled sourcing and collections.
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- Seeds Fincap raises $8.5 million Series A17 July 2024 · Funding · $8.5 Mn
- Seeds Fincap raises $6 million Series A115 September 2023 · Funding · Rs 50 Cr
- Seeds Fincap opens 51st branch in Bihar26 November 2022 · Launch