Why startups should take a serious look at venture lender IntelleGrow

IntelleGrow, the country’s first homegrown venture debt provider, moves growth into top gear in 2014. The Mumbai based firm, which raised its first major institutional round of funding last week — $4.5 million led by Omidyar Network — is just getting started on a fundraising campaign that will see it raise nearly $80 million (around Rs 500 crore) over a two-and-a-half year period. Of this, $8-12 million (Rs 50-75 crore) will be raised in the form of equity capital and the balance will be raised through long term and short term debt instruments.

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