Vivriti Capital secures INR 200 crore of equity funding from Creation Investments in its maiden raise


New Delhi, December 19, 2018: Vivriti Capital, which runs the first and only online platform for institutional debt in India, has announced that it has raised INR 200 crores of equity from Creation Investments. The growth capital will enable Vivriti to further scale up the balance sheet and expand its online market platform by designing advanced analytics, end to end workflow automation, credit scoring systems, portfolio monitoring mechanisms and expanding the current product offering.

Vivriti’s technology and data science-driven platform leverages the deep sectoral and in-depth entity-level understanding of its team to create a first-of-its-kind proposition in the debt space.

Gaurav Kumar, Founder, Vivriti Capital said: “We have had a great experience partnering with the Creation team. We wanted to have an institutional partner who understands the financial services space and brings in both capital as well as experience on board. The current capital raise will be used for lending, as well as investment in our technology platform. We have seen unprecedented support from clients and investors on our platform, which has resulted in achieving such scale. Given this scale, we will be soon raising more capital.”

Vineet Sukumar, Founder, Vivriti Capital said: “The capital raise has come at a very opportune time, with the markets quite disjointed at present and showing significant promise. With our deep expertise in credit assessment, Vivriti Capital is in a pole position to build market leadership. The Creation team has been fantastic and extremely supportive. We are really looking forward to the next phase of our journey.”

Ken Vander Weele, Co-Founder & Partner at Creation Investments, said: “Creation Investments is delighted to become the first institutional investor in Vivriti Capital. The founders have done an excellent job of building a fantastic platform with a fee-based capital markets business over the past 18 months. We look forward to helping Vivriti with scaling up their own balance sheet and their on-line platform. We expect that Vivriti will be an incredible platform for multitudes of NBFCs, Corporates and Investors over the next few decades.”

Started in mid-2017 by Gaurav Kumar and Vineet Sukumar, Vivriti was conceptualised with the objective to create the largest technology-enabled platform for credit in India. Vivriti received approval from the Reserve Bank of India to float an NBFC in January 2018. The platform works with over 150+ clients across 12 sectors and 100+ investors. The company already has a host of marquee deals in its kitty including arranging the first securitisation transaction for students’ loans, the largest bond issuance for affordable housing segment in India and many more.

About Vivriti Capital:Vivriti Capital is a Chennai Headquartered NBFC which was set up in June 2017. Vivriti launched and operates the first online institutional debt platform in India. The Platform currently has on board over 150+ clients and 120+ investors, and offers a host of products such as Securitisation, NCDs, Direct Assignments, term loans, CDs and CPs among others. Gaurav and Vineet together have a combined experience of more than 25 years in the industry and bring a unique blend of business development and investment acumen to their business approach.

About Creation Investments:Creation Investments Capital Management, LLC is a leading investment management company dedicated to private equity investments in the financial services industry. It focuses on investments in small-and-medium enterprise lenders, microfinance institutions ,BoP financial services providers and other social ventures in emerging markets. The firm started investing in India in 2011 and has since then made multiple investments in the country.