Vivriti Capital (1), a Chennai-based online enterprise dept firm, has raised 100 crore INR or approximately 14 million USD funding. Its existing investor, Creation Investment, led the fiance round. Previously, the platform had secured 50 million USD in its Series B funding round. It was led by LGT Lightstone Aspada, an LGT Lightstone investment platform that focuses on Indian startups. The latest infusions take the total equity funding of Vivriti Capital to 760 crore INR or about 105 million USD.
Gaurav Kumar and Vinit Sukumar founded the online enterprise dept company in 2017. The company stated that it would use the funding to ramp up its technology stack. It would also enhance its lending platform based on data analytics with the latest platform. The tranche would help new firms that focus on co-lending, supply chain management, and financing.
In a statement, the founders of Vivriti Capital, Gaurav Kumar and Vinit Sukumar said they would also invest further in their asset management business. It would help to set up and launch new funds fording the BBB to AAA fixed income universe.
Vivriti Capital, A Unique Lender in the Ecosystem of India
The Chennai-based also operates CredAvenue, a proprietary enterprise debt and value discover firm. It connects startups with investors via the issue of debentures for fundraising. At present, the company has over 250 issuers of debt and 120 investors. Moreover, the firm also has an AIF, alternative investment fund.
The capital had also poured in 500 crore INR or about 70 million USD in MoneyTap, a Bengaluru-based fintech startup in debt and equity funding round. In July 2019, the firm also aided Aye Finance, a Gurugram-based digital lending company, to secure 55 crore INR or nearly 7.99 million USD in-dept funding from the DCB bank securitization deal. It had also helped Aye Finance receive 25 crore INR or approximately 3.8 million USD from IntelleGrow and Hinduja Leyland Finance.
Author: Rucha Joshi
Source : https://timesnext.com/vivriti-capital-secures-100-crore-inr/
Date : 2020-09-22T08:54:46.000Z