Startups in India have been looking towards venture capital for financing in the absence of traditional bank loans. And while InnoVen Capital is a top provider of that capital, it’s now looking to facilitate startups’ search of traditional financing by teaming up with other lenders.
Reports Wednesday (Jan. 4) said InnoVen Capital is partnering with both traditional banks and alternative finance players, like RBL Bank, IndusInd, Standard Chartered, Tata Capital and SIDBI, to provide credit to existing startup customers.
“Our existing clients need traditional debt for working capital, leasing equipment or extending back guarantee to vendor,” explained…