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  • Vivriti Capital closes its second round of equity funding from Creation Investments; raises INR 110 crores

    Published on March 13, 2019

    New Delhi : Vivriti Capital, which runs India’s largest technology-enabled marketplace for institutional and enterprise debt, has recently secured INR 110 crore worth of equity in an additional round of funding from its existing investor, Creation Investments. This comes just within two months of the Series A funding closure in December 2018 wherein the company had raised INR 200 crores from Creation Investment. With the current equity infusion, Vivriti’s overall capital stands at approximately INR 320 crore. The company plans to deploy the funds to scale up its balance sheet and to further strengthen the marketplace platform.

    Speaking about the second round of infusion, Ken Vander Weele – Co-Founder & Partner, Creation Investments, said, “We are delighted to further deepen our engagement with Vivriti at this junction where the team is all set to significantly scale up its platform. The founders have done an amazing job in developing the online market platform, which we believe can be a game changer for the institutional and enterprise lending space in India. Our engagement with the team and the progress we have seen over the past few months has further bolstered our confidence in Vivriti’s phenomenal growth potential.”

    Gaurav Kumar – Founder, Vivriti Capital said: “Creation has been a fantastic partner in our growth and their engagement is a great vote of confidence for the Vivriti team. We will use the fresh funds to scale our business and invest in technology to build the credit engine and deepen our product suite. The platform currently has over 200+ clients and 120+ investors, and we offer a host of products such as Securitisation, NCDs, Direct Assignments, Term Loans, CDs, and CPs among others. We have also recently launched the credit engine for enterprise finance. We expect a quantum jump in the participants on the marketplace in the coming year.”

    Vineet Sukumar – Founder, Vivriti Capital said, “Given the current state of the markets, this is an excellent validation of the strength of the business model, core risk underwriting and growth potential of Vivriti Capital’s business. The team has opened up several fronts of growth, including the launch of the asset management business, enterprise client business, and the ability of the marketplace to create non-linear growth. The Creation team’s engagement and support has been outstanding and we would like to thank them for their faith in us.”

    Started in mid-2017 by Gaurav Kumar and Vineet Sukumar, Vivriti received approval from the Reserve Bank of India to float an NBFC in January 2018. The platform now works with over 150+ clients across 12 sectors and 120+ investors. Vivriti has seen a blistering pace of growth over the last one and a half years and has facilitated transactions of over INR 12,000 crore. In January 2019, Vivriti received an A- rating from ICRA for its credit facilities. The company has since started lending from its own books and has built a diversified portfolio across asset classes.