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Vivriti Capital looks to raise ₹700 crore through funding

Vivriti Capital Funding
Vivriti Capital which is a financial product marketplace is in talks to raise ₹650-700 crore in the next three months.

Vivriti Capital, which offers financial products on its marketplace is in talks with multiple private firms to raise approximately ₹650-700 crore in the next three months. The firm is also planning to hire nine members for the second-line managerial team.

On this news, its founder Gaurav Kumar said, “It is unprecedented for a startup to raise such a large amount in the first round. But we are doing so to invest in technology, people and to capitalise on the NBFC by lending”.

Vivriti as a non-banking finance company (NBFC) aims to become the largest marketplace of debt financing products for corporates, small and medium enterprises (SMEs) and individuals in the next 5-7 years.

Kumar said “We are not just aggregators but also a lender on this platform because I strongly believe that a company needs to have an incentive alignment. He also added that “Access to finance is available, but efficient access to finance isn’t”.

The company is a marketplace of financial products with a gamut of lenders and capital market investors, including banks, NBFCs, mutual funds and insurance companies.

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