Venture debt firm IntelleGrow has closed 47 deals in the venture debt space in the first six months of financial year 2016-17.
IntelleGrow focuses on small corporates in their early-stages of growth.
"Our team continues to spot deserving ventures and support their growth funding with their ability to structure deals," Nitin Agrawal, Dy CEO, IntelleGrow said in a statement today.
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"Much before startups became a buzzword, IntelleGrow has been funding the early-stage businesses. We focus on ventures which would not get debt from traditional sources," he said.
Besides education, IntelleGrow has supported enterprises in sectors like clean energy, waste-recycling, healthcare.
"While most of the venture debt providers focus on IoT - Internet of Things, we have focused at impact enterprise space where businesses are likely to contribute to livelihoods and improve general well-being of people," Agrawal added.
IntelleGrow has benefitted from support of Vineet Rai promoted Intellecap under which IntelleGrow was incubated with support from Shell Foundation besides other investors like Michael and Susan Dell Foundation, Omidiyar Network, Developing World Markets and Triodos Investment Management.
IntelleGrow operates under constitutional identity of Jain Sons Finlease Limited, an NBFC licensed by Reserve Bank of India.
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