The growth in Innoven's loan disbursal comes at a time when startups are finding it difficult to raise equity funding in a challenging market.
In an interaction, earlier during the month, Trifecta Capital's Rahul Khanna said that the firm planned to invest across 15-20 startups during the current year with the deal size ranging from Rs 5 to 45 crore
The current correction in India's startup ecosystem has been caused due to indiscriminate hiring which created a fixed cost problem for startups
Endorsed by actor Shah Rukh Khan, the company has raised USD 246.75 million in funding so far
The Co-Founder and Chief Executive Officer of BigBasket Hari Menon, said the capital raised will be used to increase the shelf life of fruits and vegetables, which is a huge part of the company's business, and is directly sourced from farmers.
Speaking to CNBC-TV18, TV Mohandas Pai, the former Chief Financial Officer of Infosys, said new-age startups have no clear strategy and very poor execution.
Young Turks starting the year with two special episodes. First a discuss on the year gone by and in the next episode we spot the big ideas for 2015.