How to update Inovado?
Go to Downloads section of your ThemeForest account and download Inovado Wordpress Theme again.
I would suggest to overwrite your extisting “inovado” Theme folder via FTP. To do that, unpack the file and upload the “inovado” Folder in Themes to your server to wp-content/themes/ and overwrite all.
Another way is to delete current version from the WP Dashboard and upload inovado.zip file.
All settings are in a database so there’s nothing to worry about. Of course, if you have made modifications to the theme files (e.g. css, php) than great care must be taken when installing the update, as these files will be overwritten.