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.