Chennai-based Vivriti Capital announced it has raised $55 million funding from some of its existing investors, Lightrock India and Creation Investments in a new funding round.
With this latest round of funding, Vivriti Capital has cumulatively raised $165 million since inception. Both Lightrock India and Creation have already participated in the Series A and Series B funding rounds.
The funds will be used for business expansion as well as technology for acquisitions, product delivery and portfolio management. Part of the funds will go to its subsidiary, Vivriti Asset Management, which will use it to enhance the asset management platform focused on performing credits.
“The fund infusion will give us sufficient firepower to scale across domestic and international markets.”, said Vineet Sukumar, founder and CEO, Vivriti Capital and Vivriti Asset Management. “We see a huge opportunity in the mid-sized market and there is a huge gap in terms of financial requirements of mid-sized firms and the availability of resources.”
Founded in 2017 by Gaurav Kumar and Vineet Sukumar, Vivriti is a tech enabled marketplace that brings together capital markets investors with institutions, small enterprises and individuals.
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