Fri. Mar 29th, 2024
Ashish Sharma

InnoVen Capital has today appointed Ashish Sharma, former chief executive and president of GE Capital India, as the new chief executive officer of its Indian operations.

After Ajay Hattangdi left the firm, the Indian division of InnoVen was being run by Chin Chao, CEO of InnoVen Singapore and Southeast Asia, as interim CEO for India.

The appointment of a new chief executive comes over three months after its former CEO Ajay Hattangdi and another key executive Vinod Murali left the firm. They both started their own venture debt firm, Alteria Capital.

Ashish Sharma was associated with GE and GE Capital for about 19 years. He started his career as a management trainee under the firm’s global financial management programme, and subsequently, took on progressive leadership roles across multiple businesses, global markets and functions.

Commenting on this, Shantanu Mitra, chairman of InnoVen, said,

His (Sharma’s) track record in building and leading teams to deliver high-performance growth, combined with strategic vision and deep, executional knowledge of India, puts him in good stead to expand InnoVen’s activities in India.

InnoVen Capital is a pan-Asian venture debt platform with offices in Mumbai, Singapore and Beijing. The firm provides venture debt financing to high growth tech startups, and has since supported and provided over 175 loans to more than 120 start-ups across India and South-east Asia.

In India, it has lent money to Yatra, Oyo Rooms, Swiggy, Byju’s, Nestaway, Pepperfry, Shopclues, Myntra, Freecharge, Practo, Capillary Technologies, among others.

By Jeet