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Yatra Goes The Venture Debt Way, Gets $15.4 Mn From Innoven Capital

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Mumbai-based venture debt fund InnoVen Capital has invested about $15.4 Mn in online travel company Yatra. InnoVen Capital India had previously extended a $4 Mn venture debt facility to Yatra in 2013.

Commenting on the investment, Chin Chao, Interim CEO, InnoVen Capital India and CEO, InnoVen Capital Southeast Asia said, “Having observed Yatra and its excellent progress over the last five years, we are proud to again partner with the Company, this time at a different stage in its lifecycle. Through InnoVen’s cross-border funding capability and our confidence in Yatra’s management team, we were able to meet the financing needs of Yatra across different geographies.”

Gurugram-headquartered Yatra was founded in August 2006 by Sabina Chopra, Manish Amin and Dhruv Shringi. It provides a full range of travel-related services such as........

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