Enterprise debt platform Vivriti Capital has raised $14 Mn in a round led by existing investor Creation Investment. The Chennai-based firm had raised $50 Mn in March from LGT Lightstone Aspada, and about $42 Mn in 2019 from Creation Investments. Vivriti Capital owns and operates an enterprise debt platform called CredAvenue.
Vivriti Capital is 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 Capital was founded in 2017 by Gaurav Kumar and Vineet Sukumar. The latest capital infusion has taken the company’s total equity funding to $105 Mn, since it was founded in 2017.
Gaurav Kumar and Vineet Sukumar, Founders, Vivriti Capital said, “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.”
Tyler Day, Director, Creation Investments Capital Management said, “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, 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.”
Vivriti plans to 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.