Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023
you are here: HomeNewsBusiness

Vivriti Capital raises $55 million in Series C funding round led by Lightrock India and Creation Investments

The company said that after the round, valuation has increased three times

March 28, 2022 / 11:11 AM IST
Representative image.

Representative image.

Vivriti Capital, a lender to mid-market enterprises, has raised $55 million in its Series C funding round, taking its total amount of funds raised to $165 million, the company said on March 28.

Existing investors Lightrock India and Creation Investments led the round, after having participated in the Series A and B rounds. Besides lending in partnerships with banks and global debt investors, Vivriti Capital provides investment banking and advisory services to its clients.

The firm said that the valuation has increased three times.

Vineet Sukumar, co-founder and CEO of Vivriti Capital and Vivriti Asset Management, said, "Today’s funding milestone underscores the confidence our investors have in us. Throughout the pandemic, we've experienced phenomenal growth and considerable scale across debt products. The equity capital will give us sufficient firepower to scale across domestic and international markets."