Vivriti Capital has raised $55 million in funding from its existing investors, including Lightrock India and Creation Investment. The company plans to use the fresh funds for business expansion and technology for acquisitions, product delivery and portfolio management. Part of the funds will go to its subsidiary, Vivriti Asset Management, which will use it to improve the asset management platform focused on performing credits.

“The funding will give us sufficient firepower to scale across local and international markets. We see a huge opportunity in the mid-sized market. There is a huge gap in terms of financial needs of mid-sized firms and the availability of resources,” Vineet Sukumar, founder and CEO of Vivriti Capital and Vivriti Asset Management, said.
Founded in 2017, Vivriti is a Non-Banking Financial Company (NBFC), and it lends out of its balance sheet. It has already established leadership positions with $700 million in AuM and duties and debt lines from the top ten banks in India as well as leading international debt investors.