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…
Debt platform CredAvenue has appointed Mathangi Sri as Chief Data Officer. Prior to this, Sri had a stint with Gojek, an integrated technology group based in Southeast Asia, where she served as the head of data organisation for GoFood – Gojek’s food business. In her last role at Gojek, Sri focussed on the data strategy…
CredAvenue, a technology-led debt platform linking lenders and businesses in India, has completed a US$90 million Series A equity funding round, with capital from several leading investors in the Indian financial market. Investors that participated in the funding round include Sequoia Growth Investments, Lightspeed India Partners III, TVS Shriram Growth Fund III, Lightstone Global Fund and Cred. CredAvenue…
CredAvenue has roped in Karanpreet Bindra as Chief Marketing officer. He will report directly to Gaurav Kumar, Founder and CEO, CredAvenue and will be based out of Bangalore. In his current role, Bindra oversees the entire gamut of Digital, Product, PR/Comms, and Brand marketing at CredAvenue for both the Enterprise and the B2C businesses, according to a…
India’s edtech major, upGrad, announced it has acquired Impartus, a video-enabled solutions provider, and committed over Rs 150 crore for the buyout and to invest in its growth, according to ETTelecom report. Kaizenvest was the institutional investor partner for Impartus for this deal. Impartus, now a 100% subsidiary of upgrad, has been rebranded as ‘upGrad…
upGrad, India’s largest online higher education company, announced its entry into the test preparation market with the 100% acquisition of The Gate Academy (TGA) for an undisclosed amount. Bengaluru-based TGA is one of India’s premier coaching institutes with 57 centers across India and 76 million video hours consumed by its almost 2 lakh enrolled learners…
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.…
CARS24 Financial Services, the lending arm of Gurugram-based auto-tech-startup CARS24, announced that it has secured Rs 10 crore debt funding from Vivriti Capital. According to a survey conducted by CARS24, 41 percent of the consumer’s intention to purchase a private car post lockdown has increased. However, availability of easy financing options has been a challenge…