# InnoVen Capital

> InnoVen Capital is a VC fund backing E-Commerce and Financial Services. See 184 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 184
- Last investment: Aug 2026
- Lead investor: 53%
- Fund size: $709k
- Last fund: May 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/innoven-capital-india-pvt--ltd-
- X (Twitter): https://twitter.com/InnoVenCap_IN
- Website: http://www.innovencapital.com/

InnoVen Capital is a VC fund in Mumbai focused on E-Commerce and Financial Services. InnoVen Capital is Asia's leading venture lending firm with offices in Mumbai, Singapore and Beijing. Started in India in 2008, the platform was re-branded InnoVen Capital following a buyout of the business led by Temasek Holdings and UOB Group in 2015. InnoVen Capital currently has investor commitments of US$200 million.In India, InnoVenCapital is positioned as the first and largest venture debt provider to venture capital backed start-ups in India across stages of growth and sectors. The Company has a credit rating of ‘IND AA-’ for its term borrowing and ‘IND A1+’ for its commercial paper issuances.InnoVen provides debt financing to high growth and innovative tech startups, and has since supported and provided over 190 loans to more than 150 start-ups across India and Southeast Asia. The platform offers multiple debt capital solutions, including venture debt, acquisition finance, growth loans, and syndication.

## Contacts

5 contacts available for InnoVen Capital. Shizune tracks 7 team members at InnoVen Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/svb-india-finance?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $6M–$145M |
| Debt Financing | $2.2M–$36M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 33 | 18% |
| Financial Services | 22 | 12% |
| Internet | 17 | 9% |
| FinTech | 16 | 9% |
| Retail | 15 | 8% |

192 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 57 | 31% |
| Debt Financing | 44 | 24% |
| Series B | 15 | 8% |
| Series A | 13 | 7% |
| Series C | 10 | 5% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 89 | 48% |
| China | 19 | 10% |
| Singapore | 17 | 9% |
| Indonesia | 8 | 4% |
| United States | 5 | 3% |

12 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ben Cheah | Associate Director | 0 | https://shizune.co/investors/profile/ben-cheah |
| Chin Chao | CEO Singapore and South East Asia | 4 | https://shizune.co/investors/profile/chin-chao |
| Darren Chuah | Director of Governance Risk and Compliance | 0 | https://shizune.co/investors/profile/darren-chuah |
| Jessica Lee | Client Support & Office Administration | 0 | https://shizune.co/investors/profile/jessica-lee-4 |
| Sujana Ravishankar | Client Support & Office Administration | 0 | https://shizune.co/investors/profile/sujana-ravishankar |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| River | River is an electric vehicle manufacturer whose goal is to generate and improve livelihoods. The company specializes in the manufacture of high-quality mobility motor vehicles in the form of utility electric mopeds, allowing clients to purchase economical vehicles that can be used for work, recreation, and any other duty in between. |  | Debt Financing | Aug 05, 2026 |  |
| McEasy | McEasy is a software-as-a-service (SaaS) provider for logistics vehicle management and tracking. | $6M | Series B | Aug 04, 2026 |  |
| McEasy | McEasy is a software-as-a-service (SaaS) provider for logistics vehicle management and tracking. | $3M | Debt Financing | Aug 03, 2026 |  |
| Aukera | Aukera is a women-centric jewelry brand that offers lab-grown diamond jewelry in white, rose, yellow gold, and platinum. | $9.4M | Debt Financing | Jul 10, 2026 |  |
| Manifold AI | Manifold AI is an artificial intelligence company that provides development of embodied intelligent world models. |  | Seed | Jun 18, 2026 |  |
| Silicon Box | Silicon Box is an advanced OSAT (outsourced semiconductor assembly and testing) services provider, specializing in semiconductor integration. The company is capable of delivering full execution for semiconductor packaging, from initial design to final manufacturing of standard single chip packages to the most sophisticated chiplet-based systems,enabling applications that include AI (artificial intelligence), HPC (high performance computing), EV (electric vehicles), automotive, power management, mobile chipsets and processors, applications processors, radiofrequency, and more. | $77.6M | Debt Financing | Jun 08, 2026 |  |
| Zero One Auto | Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market. | $29.4M | Series B | May 25, 2026 |  |
| Novio | Credilio is a digital financial platform that offers loans, credit cards, and advisory services to individuals and families. |  | Debt Financing | Apr 28, 2026 |  |
| Euler Motors | Euler Motors is an automotive tech startup based out of New Delhi focused on commercial electric vehicles. Inspired by the work done by EV Companies across the globe esp. Tesla, Euler Motors is committed to accelerating India's transition to sustainable mobility. Euler aims to become the category leader for cargo transport by driving theElectric Vehicle Revolution in India. Euler Motors is focused on first solving last-mile logistics for e-commerce and 3PL players. To kickstart mass-market adoption - Euler is offering the entire "mobility as a service" stack instead of serving just one stage of a larger value-chain. | $26.6M | Debt Financing | Mar 24, 2026 |  |
| Zero One Auto | Zero One Auto is a new energy-efficient heavy-duty truck developer company.Zero One Auto creates new energy-efficient heavy-duty vehicles with advanced autonomous driving characteristics. The first batch of products is separated into two models, with an emphasis on the new energy heavy-duty truck short-distance freight market. | $174.8M | Series B | Mar 11, 2026 |  |

10 of 184 investments shown.

## Co-investors
- [Alteria Capital](https://shizune.co/investors/profile/alteria-capital) — VC Fund, 25 deals together
- [Stride Ventures](https://shizune.co/investors/profile/stride-ventures) — VC Fund, 13 deals together
- [Trifecta Capital Advisors](https://shizune.co/investors/profile/trifecta-capital-advisors) — VC Fund, 9 deals together
- [Z47](https://shizune.co/investors/profile/matrix-partners-india) — VC Fund, 7 deals together
- [Jungle Ventures](https://shizune.co/investors/profile/jungle-ventures) — VC Fund, 5 deals together
- [Omidyar Network India](https://shizune.co/investors/profile/omidyar-network-india-050e) — VC Fund, 5 deals together

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## FAQ

### What does InnoVen Capital invest in?

InnoVen Capital invests primarily in E-Commerce, Financial Services and Internet startups, most often at Funding Round and Debt Financing stage. Most of the 184 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is InnoVen Capital's check size?

InnoVen Capital typically joins rounds of $6M–$145M at Series B and $2.2M–$36M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds InnoVen Capital participates in.

### How do I contact InnoVen Capital?

Public channels for InnoVen Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at InnoVen Capital?

The team at InnoVen Capital includes Ben Cheah (Associate Director), Chin Chao (CEO Singapore and South East Asia) and Darren Chuah (Director of Governance Risk and Compliance), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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