Vivriti Capital, which runs the country’s largest technology-enabled marketplace for institutional and enterprise debt, has secured ₹110 crore worth of equity in an additional round of funding from its existing investor, Creation Investments.

This comes within two months of the Series-A funding closure in December 2018 wherein the company had raised ₹200 crore. With the current equity infusion, Vivriti’s overall capital stands at approximately ₹320 crore. The company plans to deploy the funds to scale up its balance sheet and to further strengthen the marketplace platform, Gaurav Kumar, Founder, Vivriti Capital, said on Wednesday.

Ken Vander Weele, Co-founder and Partner, Creation Investments, said, Vivriti had done an amazing job in developing the online market platform, which can be a game-changer for the institutional and enterprise lending space in India.

Kumar said Vivriti currently has over 200 clients and 120 investors, and offers a host of products such as securitisation, NCDs, direct assignments, term loans, CDs, and CPs.

“We have also recently launched the credit engine for enterprise finance and expect a quantum jump in the participants on the marketplace in the coming year.” he added.

Started in mid-2017 by Gaurav Kumar and Vineet Sukumar, Vivriti received an approval from the Reserve Bank of India to float an NBFC in January 2018. It has facilitated transactions of over ₹12,000 crore so far.

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.

Related Topics
comment COMMENT NOW