Vivriti Capital provides lending solutions with a growing focus on financing companies in the e-mobility ecosystem. The firm intends to expand its green portfolio by lending to electric vehicle operators and charging-station developers, aligning with India’s EV30@2030 objectives. To support that strategy, Vivriti secured a three-year Rs 250 crore loan from Axis Bank, with GuarantCo providing a 50% on-demand credit guarantee to Axis Bank under a broader framework. The financing is intended to increase deployment of electric vehicles and charging stations and to reduce CO2 emissions. The transaction is estimated to create up to 665 jobs, roughly 30% of which are expected to be held by women. Founder and MD Vineet Sukumar said the deal will fuel Vivriti’s efforts to expand its green portfolio in India’s e-mobility landscape. Vivriti Capital Pvt Ltd is an RBI-registered non-banking financial company (NBFC) operating in India. The company announced it has closed its Series C funding round after raising an additional $30 million. The $30 million infusion came from TVS Shriram Growth Fund 3, a homegrown private equity fund managed by TVS Capital. The article does not disclose how the funds will be used or provide operating metrics such as revenue or users. No other investors, previous round amounts, or founding year were disclosed in the report. Vivriti Capital is a Chennai-based, tech-enabled credit investment platform and fintech NBFC that provides debt finance to mid-market enterprises across India. Led by founder and CEO Vineet Sukumar, the firm has built a franchise over five years with an INR 3,700 crore portfolio and more than 300 clients across 30+ sectors and 26 states. It currently manages a client asset base of about US$700 million and aims to grow that to over US$5 billion within five years. The company plans to use recent funding to expand its business and to invest in technology for acquisitions, product delivery, and portfolio management. Part of the proceeds will go to its subsidiary, Vivriti Asset Management, to build a global asset management platform focused on performing credits. Vivriti intends to become the largest technology-enabled mid-market debt lender in India. Vivriti Capital owns and manages CredAvenue, an online platform for enterprise debt and structured finance, founded in 2017 and based in Chennai. The platform claims 120+ institutional investors/lenders, 260+ enterprise clients and over five lakh individual and SME borrowers, and has enabled debt exceeding Rs 30,000 crore. The company intends to use newly raised funds to strengthen technological and analytical capabilities and to ramp up platforms specifically for co-lending and supply chain finance. Vivriti also plans to invest more in its asset management business to set up and launch unique funds spanning the BBB to AAA fixed-income universe. According to the founders, CredAvenue has secured a significant first-mover advantage in the Indian enterprise debt and structured finance space. Vivriti Capital is an online enterprise debt platform operating in India. The company has raised $50 million (Rs 350 crore) in a Series B funding round. The investment was made by LGT Lightstone Aspada. LGT Lightstone Aspada is described as the India-focused impact investment arm of LGT Lightstone. The funding was announced publicly. The article does not disclose additional operational metrics, past rounds, or use of proceeds.

Total raised

$204M

Funding rounds

6

Latest round

Debt Financing

Latest activity

Dec 2023