A mid-market lender, Vivriti Capital has raised $55 million from two of its existing investors, Lightrock India and Creation Investments in a new funding round. With the latest round of funding, the firm has cumulatively bagged $165 million funds since its commencement.
The firm will be using the funds for expanding the business as well as technology for acquisition, product delivery, and portfolio management. Some crunch of the funds will be allocated to its subsidiary, Vivriti Asset Management for enhancing the asset management platform focused on performing credits.
Vineet Sukumar, founder, and CEO said, “The fund infusion will give us sufficient firepower to scale across the domestic and international markets. We see a huge opportunity in the mid-sized market and there is a huge gap in terms of financial requirements of mid-sized firms and the availability of resources.”
