Vivriti Capital hoists Rs 100 crore in funding round

The Non-banking financial firm Vivriti Capital has hoisted Rs 100 crore in a funding round headed by present investor Creation Investment.

 

The Chennai based enterprise debt platform had hoisted Rs 350 crore in the month of March through LGT Lightstone Aspada, as well as Rs 310 crore in 2019 through Creation Investments. 

 

The most recent capital investment has carried the organization's total equity financing to Rs 760 crore, from the time it was established in 2017. 

 

As reported by ETtech, Vivriti stated that it would go through the new capital to enhance its technology and data analytics abilities and fresh platforms that were introduced explicitly for co-loaning and supply chain management and financing. 

 

As stated by the platform's founders Gaurav Kumar and Vineet Sukumar in an announcement, the platform will likewise infuse more into their asset management operations to develop and introduce exclusive funds spreading over the BBB to AAA fixed-salary universe.

 

As reported by Inc42, Vivriti Capital also claims and heads a proprietary enterprise debt and value discovery platform called CredAvenue. It is also equipped with an alternative investment fund (AIF). 

 

The organization is likewise an enlisted non-banking finance firm that infuses into new businesses too. 

 

As stated by the Director of Creation Investments Capital Management, Tyler Day, Vivriti is remarkably positioned in the ecosystem of India as a loan specialist and facilitator of debt in the effect space through their unmatched technology platform, solid supervisory group, and far-reaching product contributions. 

 

Day also added that the full-scale condition over the recent six months drew out the capability of the Vivriti marketplace, via which they aided debt raise for an enormous number of customers and also aided investors in their due perseverance and in carrying out deals.