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Vivriti Capital raises Series B funding from LGT Lightstone

Mar 19, 2020 by The Passage Team
Vivriti Capital raises Series B funding from LGT Lightstone

Vivriti Capital Pvt. Ltd, which runs an online enterprise debt platform and lender, has raised USD 50 million in its Series B funding from LGT Lightstone Aspada.

The latest transaction takes the total funding raised by Vivriti to $100 million, the company said in a statement.

Vivriti founders Gaurav Kumar and Vineet Sukumar said the funds will be used for ramping up the technology and analytical engine powering the online marketplace and to shore up the balance sheet lending of the company.

"We are very pleased to bring Lightstone Aspada on board as an investor at this key phase of our journey. We have also achieved tremendous growth in the last 12 months and have seen significant scale across debt products and the business volumes crossed Rs 25,000 crore in overall debt flow," founders added.

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