India: Creation Investments leads $14m funding in debt platform Vivriti

Photo: Reuters

Online enterprise debt platform Vivriti Capital has secured fresh funding of about $14 million (Rs100 crore) led by its existing investor Creation Investments.

The latest capital infusion has taken Vivriti’s total equity funding to Rs 760 crore, the Chennai-based company said in a statement.

“The funds infused will be used to strengthen our technological and analytical capabilities and ramp up new platforms which we have launched specifically for co-lending, supply chain among others. 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,” Gaurav Kumar and Vineet Sukumar, founders and MDs, Vivriti Capital said.

Founded in 2017, Vivriti owns the proprietary enterprise debt deal and value discovery online platform CredAvenue. The tech-enabled platform connects debt issuers and investors, offers credit underwriting solutions, analytical models, structuring solutions, and automated execution workflows.

The platform claims to have more than 120 institutional investors/lenders, over 260 enterprise clients, and over five lakh individual and SME borrowers. The company said, it has enabled debt exceeding Rs 30,000 crore.

The startup had earlier raised Rs 350 crore in March this year from LGT Lightstone Aspada and Rs 310 crore in 2019 from Creation Investments.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.