<article><a href="http://dealstreetasia.com/tag/vivriti" target="_blank" rel="noopener">Vivriti Capital</a>, an online platform for institutional debt in India, has received Rs 200 crore (28.5 million) as equity funding from US-based impact investor <a href="http://dealstreetasia.com/tag/creation-investments" target="_blank" rel="noopener">Creation Investments</a>.</article>

<a href="http://dealstreetasia.com/tag/vivriti" target="_blank" rel="noopener">Vivriti Capital</a>, an online platform for institutional debt in India, has received Rs 200 crore (28.5 million) as equity funding from US-based impact investor <a href="http://dealstreetasia.com/tag/creation-investments" target="_blank" rel="noopener">Creation Investments</a>.
According to an official statement, the Chennai-based startup plans to use the capital to scale up its balance sheet and expand its online market platform.
Started in mid-2017 by Gaurav Kumar and Vineet Sukumar, Vivriti Capital received approval from the Reserve Bank of India to float an NBFC in January 2018.
&#8220;The current capital raise will be used for lending, as well as investment in our technology platform. We have seen unprecedented support from clients and investors on our platform, which has resulted in achieving such scale. Given this scale, we will be soon raising more capital,&#8221; said founder Gaurav Kumar.
&#8220;The capital raise has come at a very opportune time, with the markets quite being disjointed at present and showing significant promise,&#8221; added co-founder Vineet Sukumar.
This marks the first institutional investment by the firm, which claims to have over 150 clients across 12 sectors and 100 investors on its platform. It offers a number of products such as securitisation, NCDs, direct assignments, term loans, CDs and CPs among others.
According to earlier source-based news reports, Creation Investments has picked up 75 per cent in Vivriti.
Despite the recent turmoil in the NBFC space, fintech startups continue to attract investor interest. It was recently reported that XDigital lending firm Capital Float, which counts Amazon and Sequoia Capital among its existing backers, was in talks to raise $100-150 million in fresh funding from new and existing investors.
Earlier this year, Amazon had pumped in about $22 million as part of Capital Float’s Series C round. It had raised another $45 million as part of the same round in 2017 from Ribbit Capital, which is based in Palo Alto, California, and existing investors SAIF Partners, Sequoia India and Creation Investments Capital Management.
Earlier this year, Datasigns Technologies Pvt. Ltd, which runs fintech lending platform Shubh Loans, raised $4.2 million in an investment led by venture capital firm Saama Capital.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/shubh-loans-saama-capital-105493/" target="_blank" rel="noopener">Fintech startup Shubh Loans raises $4.2m from Saama Capital, others</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/sequoia-capital-float-112418/" target="_blank" rel="noopener">Sequoia-backed Capital Float eyes $150m funding from existing, new investors</a>
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Vivriti Capital, an online platform for institutional debt in India, has received USD 28.5 million as equity funding from US-based impact investor Creation Investments.

India: Fintech platform Vivriti Capital raises $28.5m from Creation Investments

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India: Fintech platform Vivriti Capital raises $28.5m from Creation Investments

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