Chennai-based on-line corporation debt platform Vivriti Capital has raised INR 100 Cr (about $14Mn) investment from current investor Creation Investment.
Earlier, the corporation has raised $50 Mn in its Series B investment from LGT Lightstone’s India focussed funding platform LGT Lightstone Aspada. This takes the corporation’s total equity funding to INR 760 Cr ($105 Mn) since its inception.
Founded in 2017 through Gaurav Kumar and Vineet Sukumar, Vivriti Capital stated that the investment can be used to decorate the technology stack. It’ll additionally put money into enhancing the data analytics-primarily based lending platform. The investment will assist new structures that had been released 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.
“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.
Vivriti additionally runs a proprietary corporation debt and price discovery platform CredAvenue which connects startups with investors, for fundraising through the problem of debentures. The platform presently has over 250 debt issuers and greater than a hundred and twenty investors. Additionally, the corporation additionally has an alternative investment fund (AIF).
Earlier, the corporation had invested in the Bengaluru-primarily based fintech startup MoneyTap’s INR 500 Cr ($70 Mn) debt and equity investment round. In July 2019, the debt management platform had helped Gurugram-primarily based virtual lending corporation Aye Finance to elevate INR fifty five Cr ($7.ninety nine Mn) in debt funding from DCB Bank via a securitisation deal. Previously, it had additionally helped Aye Finance to raise $3.8 Mn (INR 25 Cr) from 3 investors, inclusive of Hinduja Leyland Finance and IntelleGrow.
“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.
