Vivriti Capital raises Rs 100 crore in Series B led by Creation Investments

Tyler Day, Director, Creation Investments Capital Management said "Vivriti is uniquely placed in the Indian ecosystem as a lender and facilitator of debt in the impact space with their unparalleled technology platform, strong management team and comprehensive product offerings. The macro-environment in the last six months brought out the potential of Vivriti's marketplace, through which they facilitated debt raise for a large number of clients as well as helped investors in their due diligence and deal executions. We continue to believe that given their core strengths, Vivriti has immense potential to revolutionize the Indian debt landscape".

Creation Investments Capital Management, LLC is a global impact investment management company dedicated to private equity investments in the financial services industry. Creation has invested across 12 countries so far, with India being one of their key focus countries with investments over $250 million.

Founded in 2017, Vivriti Capital currently has over 120 institutional investors/lenders, 260+ enterprise clients, 5 lakh plus individual and SME borrowers, and has enabled debt exceeding Rs 30,000 crore.

“The successful closure of this round amidst the pandemic is a tremendous validation of the immense trust and confidence our investors have on us and the strength of our unique model. In just over three years, CredAvenueTM has emerged as the leading platform for enterprise debt and in many ways is redefining the debt and structured finance space in India. We have a significant first-mover advantage in this space and the opportunity ahead is galactic. The funds infused will be used to further 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,” said Gaurav Kumar and Vineet Sukumar, Founders and MD- Vivriti Capital.