Ajay Hattangdi and Vinod Murali quit Innoven Capital to start their own VC firm

Ajay Hattangdi and Vinod Murali, who set up venture debt firm Innoven Capital, have quit the firm, reports Economic Times based on four sources aware of the matter.

Earlier, Ajay and Vinod, along with Singapore’s sovereign wealth fund Temasek, set up Innoven Capital, which has become one of India’s largest venture debt provider.

As per the report, both of them are currently on a gardening leave until July end and are expected to launch their own venture debt fund later this year. 

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