VIVRITI CAPITAL
Vivriti Asset Management returns over Rs 3,400 crore to investors across two fund vintages
Vivriti Asset Management has completed and exited its Vintage II credit funds, returning over Rs 2,260 crore in capital and income. The funds invested across more than 45 companies, delivering gross IRRs of around 12% to 15%.
Vivriti promoter increases stake as co rejigs business to increase focus on fee income
Promoter Vineet Sukumar invested Rs 200 crore to raise his stake to 11.5% in Vivriti Next. The move precedes an IPO before 2029, expanding products for mid-market clients, while private equity and global investors maintain majority stakes.
Vivriti Asset Management plans Rs 5,000-cr diversified bond fund
Vivriti Asset Management plans to launch a diversified bond fund of ₹5,000 crore in the second quarter of the next financial year, with a greenshoe option of ₹2,000 crore, chief investment officer Soumendra Ghosh said. The firm is also close to closing its existing ₹2,200-crore bond fund after securing commitments of over ₹2,100 crore.
Germany's DEG makes maiden bet on India debt fund via Vivriti's GIFT City vehicle, sources say
German development finance institution DEG has approved its first-ever investment in an Indian debt fund, committing capital to Vivriti Asset Management's asset-backed securitisation fund based in GIFT City, two people familiar with the matter said.
Vivriti Capital raises $25 million ADB loan for climate bond
Vivriti Capital Limited has raised $25 million from the Asian Development Bank to support its green finance initiatives, focusing on renewable energy and electric vehicle projects.
Credit funds, family offices fill void left by banks at AIFs
The central bank came out with a circular in December 2023, requiring mainstream banks and NBFCs to divest their investments in AIFs that have funded any company that has borrowed from the bank or NBFC. The regulator had also raised provisions for banks or NBFCs investing in AIFs that subsequently lend to their borrowing companies.
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Tech-based NBFCs try a balancing act after RBI action on unsecured loans
NBFCs like DMI Finance, Vivriti Capital and InCred Capital expanded unsecured retail and small business lending, leveraging strong fintech partnerships over to grow their business coming out of Covid. Some of these companies took the acquisition route to scale up this business quickly.
Axis Bank, GuarantCo extend Rs 250 crore loan to Vivriti Capital to boost electric mobility
Axis Bank has extended a three-year loan of Rs 250 crore to Vivriti Capital in partnership with GuarantCo to increase electric mobility in the country. GuarantCo has provided a 50 per cent on-demand credit guarantee to Axis Bank for this transaction.
Vivriti mops up Rs 1,700 crore, to deploy in bonds
Soumendra Ghosh, chief investment officer at Vivriti, said the fund has been investing towards capital expenditures and working capital requirements.
SIDBI & Vivriti launch Rs 700 cr AIF fund for micro-enterprises with BBB and lower ratings
The fund was co-conceptualised by SIDBI and Vivriti with dual objectives of providing necessary debt capital to microenterprises and building bond markets for issuers rated BBB and lower category. The fund is envisaged to benefit over 8,000 microenterprises and 80,000 women entrepreneurs.
Vivriti Asset Management raises securitisation fund with investment from IFC, M&G Catalyst for AIF
Vivriti Asset Management has secured debt financing from the International Finance Corporation and an anchor commitment from M&G Catalyst for its asset-backed securities fund, which has a target size of $250m. The Vivriti India Retail Asset Fund has already raised $106m from the two investors. Over the 10-year period, the fund will funnel international capital towards non-banking financial companies specialising in small- and medium-sized enterprise finance, used vehicle finance and microfinance.
Unlocking growth in medium enterprises with access to debt capital
Deep diving into the credit gap faced by the Indian MSME sector, particularly by the mid-market enterprises segment, and how tech-enabled debt market solutions by new-age companies like Vivriti Capital are breathing a new lease of life into the critical growth driver of the Indian economy.
Vivriti Capital, Sai Silks Kalamandir partner on Rs 40-crore vendor financing facility
Sai Silk will utilise the funds towards procurement of raw materials to meet the increased demand during the ongoing wedding season marked by high-value consumption expenditure.
Vivriti Group rolls out its first ESOP Liquidity Programme
The Vivriti Group has announced the closure of its first employee stock option plan (ESOP) Liquidity Programme, providing an opportunity to its team members for wealth creation.
ETtech Deals Digest: Swiggy acquires Dineout, Ather Energy, GoKwik, others raise funds this week
Electric scooter maker Ather Energy, digital payments firm Razorpay, ecommerce enablement company GoKwik were among the startups that raised funds this week.
Vivriti Capital raises $30 million in funding from TVS Capital
The funds will be allocated between Vivriti Capital and its subsidiary Vivriti Asset Management, which manages closed-ended debt funds investing in mid-sized corporates.
Moneyboxx Finance to raise Rs 100 crore this fiscal, first tranche likely in May
The non-banking finance company plans to raise the capital in two phases. It is in the process of raising Rs 20 crore next month from high-net worth individuals. This would be followed by another Rs 80 crore equity raising later in the fiscal from institutional investors, said Deepak Aggarwal, co-founder and co-chief executive officer.
Vivriti Capital bags $55 million in funding from existing investors
The funds will be used for business expansion as well as 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 enhance the asset management platform focused on performing credits.
Vivriti raises Rs 265 crore via AIF
A subsidiary of Vivriti Capital manages the fund. It invests in debt securities of companies, which are generating positive cash-flows.
Enabling Qapital to offer Rs 375 cr debt financing to small firms
The partnership aims to provide debt finance to support small enterprises and fintechs, empower women entrepreneurs, and strengthen agriculture supply chains.
FlexiLoans partners with Vivriti Capital to disburse Rs 300 crore to MSMEs
Flexiloans has so far disbursed more than Rs 1000 crore to more than 30,000 customers across 1500 cities across India. It receives over 100,000 applications per month, largely from Tier II, III and Tier IV cities in India.
Eduvanz raises $10 million in debt funding
The company gives low-cost loans to students via its digital platform and aims to make education accessible to all learners
Creation Investment leads Rs 100 crore round in Vivriti Capital
The latest capital infusion has taken the company’s total equity funding to ₹760 crore (about $105 million), since it was founded in 2017.
Nabard unveils support programmes for MFIs
Nabard has led the efforts in rolling out special liquidity lines since the beginning of the pandemic and has disbursed around Rs 2000 crore to MFIs and NBFCs.
Muthoot Capital raises Rs 236 crore via securitisation deal
The entire issuance was bought by the largest mutual fund of the country HDFC MF.
Vivriti Capital announces the launch of a new venture for alternate assets
The new platform is expected to scale this business up to Rs 5,000 crores over the next few years Vivriti Capital recently raised Rs 200 crore equity from Creation Investments.
Vivriti Capital raises Rs 200 crore from Creation
The NBFC plans to use the new funds for strengthening its technology platform as well as for onward lending to borrowing corporates, and thereby strengthen its balance sheet.
Fintech startup Aye Finance raises Rs 25 cr from Vivriti Capital
The company has previously raised funds from venture capital funds Accion International, SAIF Partners and LGT Impact Ventures.
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