Vivriti Capital, a marketplace for small enterprises and individuals that lack efficient access to financial services, announced it has raised Rs 100 crore in a round led by existing investor Creation Investment.
Earlier, the firm had raised Rs 350 crore in March from LGT Lightstone Aspada, and Rs 310 crore in 2019 from Creation Investments. The latest capital infusion has taken the company’s total equity funding to Rs 760 crore.
Vivriti said it would use the fresh capital to ramp up its technology and analytics capabilities, and new platforms that were launched specifically for co-lending and supply chain management and financing.
“We will also invest more into our asset management business to set up and launch unique funds spanning the BBB to AAA fixed-income universe,” said founders Gaurav Kumar and Vineet Sukumar said in a statement.
Founded in 2017 by Aniket Deshpande, Gaurav Kumar, Irfan Mohammed, Soumendra Ghosh, and Vineet Sukumar, Vivriti Capital is India’s first tech enabled marketplace that brings together capital markets investors with institutions, small enterprises and individuals. It started with a mission to offer efficient and customized financial solutions to individuals, enterprises and institutions.
Vivriti Capital owns and operates an enterprise debt platform called CredAvenue. The company is also a registered non-banking finance company which invests in startups as well. The Vivriti Group also owns an asset management arm called Vivriti AMC for alternative investments focused on fixed income.
“Vivriti is uniquely placed in the Indian ecosystem as a lender and facilitator of debt in the impact space with their unparalleled technology platform, strong management team and comprehensive product offerings,” said Tyler Day, Director, Creation Investments Capital Management.
“The macro- environment in the last six months brought out the potential of Vivriti marketplace, through which they facilitated debt raise for a large number of clients as well as helped investors in their due diligence and deal executions,” Day added.
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