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47 deals in six months, claims venture debt firm IntelleGrow

IntelleGrow mainly focusses on small-corporates in their early-stages of growth.

, ET Bureau|
Updated: Oct 02, 2016, 02.59 PM IST
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According to Deputy CEO of the firm, much before startups became a buzzword, IntelleGrow has been funding the early-stage businesses.
According to Deputy CEO of the firm, much before startups became a buzzword, IntelleGrow has been funding the early-stage businesses.
AHMEDABAD: IntelleGrow has closed 47 deals in the Venture Debt space in the first 6 months of the financial year 2016-17.

“Our team continues to spot deserving Ventures and support their growth funding with their ability to structure deals” said Nitin Agrawal, Deputy CEO of IntelleGrow. It mainly focusses on small-corporates in their early-stages of growth. According to him, 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 adds.

As per him, for such enterprises, equity is the best source of funds but external equity often dilutes control of entrepreneurs. This is where IntelleGrow has played a critical role with about 305 deals across 128 ventures that it has funded in its four year journey.

“We have focused at Impact Enterprise space where businesses are likely to contribute to livelihoods and improve general well-being of people. These may not necessarily be absolutely new startups” he said adding that besides education, IntelleGrow supported enterprises in sectors like clean energy, waste-recycling, healthcare and others.

It has funded enterprise like Bangalore-based Lithium, that runs a fleet of electric cards in the city saving on fossil fuel, Ideaforge, developer & supplier of tech enabled surveillance systems, Nephroplus a chain of dialysis centers in South India and others.
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