Tuesday, April 14, 2015

Temasek buys SVB India for US$48M; rebrands it as InnoVen Capital

Till date, SVB India has backed*50 companies, including Prizm Payments, Snapdeal, Myntra, Freecharge, Firstcry, Faasos, Practo and Capillary Singapore government-owned investment firm Temasek Holdings has completed the acquisition of SVB India Finance, a debt venture firm run by US-based Silicon Valley Bank, for INR 300 crore (US$48 million). Post acquisition, Temasek — which started the...

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