CHICAGO, March 28, 2022 /PRNewswire/ — Creation Investments Capital Management LLC, a leading global alternative asset manager and impact manager in emerging markets, today announced its third investment in Vivriti Capital, an investment technology platform in credit India serving institutional and retail markets. The creation, accompanied LondonLightrock India, a global private equity platform that invests in sustainable businesses, participated in the $55 million Series C funding round, bringing Vivriti Capital’s fundraising to 165 million US dollars since its creation.
Chennai, IndiaVivriti Capital-based Vivriti Capital previously secured funding from Creation and Lightrock in its Series A and B. Creation remains Vivriti’s majority shareholder.
Vivriti Capital plans to use the funds for business expansion as well as the technology for acquisitions, product delivery and portfolio management. Part of the funds will go to its subsidiary, Vivriti Asset Management, to build a global asset management platform focused on performing credits.
Vivriti Capital aims to become the largest technology-enabled middle market debt lender by Indiawith the aim of expanding its customer base to more than 5 billion US dollars over the next five years of 700 million US dollars now.
“Vivriti has ambitious growth plans, and this is a critical step in its journey. We have been impressed with the team’s ability to channel capital to segments underserved by the prevailing financial system in India,” noted Tyler day, dallas– partner and responsible for Asia region for Creation Investments.
“Today’s funding milestone underscores the confidence our investors have in us. We are delighted to complete a capital raise in a most challenging macro environment with the support of Creation and Lightrock. phenomenal and massive scale in debt products. Social capital will give us enough firepower to scale in domestic and international markets,” said Vineet SukumarFounder and CEO, Vivriti Capital and Vivriti Asset Management.
About Vivriti Capital
Vivriti Capital is an NBFC fintech that aims to bring needed debt financing to hundreds of middle market companies across India. Over the past five years, Vivriti Capital has built a successful franchise, with INR 3,700 crore portfolio, as well as more than 300 clients in more than 30 industries and 26 states. Vivriti focuses on investments in technology, underwriting and distribution.
For more information, visit: www.vivriticapital.com
About Creative Investments
Creation Investments Capital Management, LLC is a leading global alternative asset manager and impact investor in emerging markets. Worldwide, Creation’s investments directly help more than 28 million small businesses. The company manages US$1.8 billion on behalf of institutional investors, family offices and high net worth individuals. Drawing on its deep industry experience, Creation partners with management teams to inject growth equity and facilitate buyout transactions into companies specializing in microfinance, small and medium enterprise lending, credit -leasing, factoring, insurance, savings, payments and mobile money. With its portfolio companies, and in alignment with the United Nations Sustainable Development Goals (SDG), Creation aims to improve the lives of those at the bottom of the economic pyramid in emerging markets. For more information, visit www.creationinvestments.com.
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SOURCE Creation Investments