Vivriti Capital has launched in India, aiming to provide a financial services marketplace that will provide a comprehensive range of offerings across the lifecycle of customers that lack access to efficient finance. Vivriti Capital offers loans, receivables finance, working capital, structured debt and capital market instruments, seeking to transform the fragmented financial services industry in India to a “lifecycle approach.”
“There is a need for a single marketplace to address end-to-end financial service requirements of institutions and individuals in India. Vivriti Capital’s offerings and range of services have been developed after closely evaluating 500+ financial institutions across secured and unsecured lending models, fintech firms etc., and a deep understanding of the space in India,” Vivriti Capital Founder and Director Gaurav Kumar. “The requirements of individuals, financial institutions, large corporates and small enterprises vary substantially. Aided by a combination of real time data analytics and extensive experience, we look forward to develop the most appropriate solution for our clients’ needs.”
Prior to founding Vivriti, Kumar worked at IFMR Capital founding and scaling has enabled debt finance of INR 50,000 crore over the past decade. According to the release, he expects to invest INR 10 crores in Vivriti Capital to kickstart its portfolio, and is in active discussions with multiple potential investors to raise INR 650-700 crores of equity capital in the current financial year to invest in the platform, team and growth.
