NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Jaspreet Kaur

Chennai-based fintech startup Vivriti Capital has raised $55 Mn (nearly INR 400 Cr) in its Series C funding from Lightrock India and Creation Investments.

Vivriti will be deploying funds for business expansion as well as technology for acquisitions, product delivery and portfolio management. A portion of the funds will be deployed in its subsidiary, Vivriti Asset Management to build the leading global asset management platform focused on performing credits.

Adding the current funding, Vivriti Capital has cumulatively raised $165 Mn to date. It previously secured funding from both Lightrock India and Creation in its Series A and B funding rounds.

“We are extremely thrilled to conclude a raise in a most challenging macro environment with the support of Lightrock and Creation Investments. Throughout the pandemic, we have experienced phenomenal growth and considerable scale across debt products. The equity capital will give us sufficient firepower to scale across domestic and international markets,” said Vineet Sukumar, founder and CEO, Vivriti Capital and Vivriti Asset Management.

Photo courtesy of Helloquence.