- Companies
- Vivriti Capital
Vivriti Capital Funding, Investors & Competitors
Vivriti Capital has raised $212M across 6 funding rounds, most recently a $22M undisclosed-stage round in February 2026.
Last Vivriti Capital funding round
$22M
Undisclosed stage · Feb 2026
Cumulative funding Vivriti Capital raised
$212M
across 6 funding rounds
Key investors in Vivriti Capital
Creation Investments Capital Management, LLC
Lightrock
TVS Capital Funds
Vineet Sukumar
About Vivriti Capital
Vivriti Capital is a Chennai-headquartered alternative credit platform founded in 2017 connecting small enterprises and individuals to lenders via data analytics-driven products. It offers structured finance, investment banking, and doorstep financing solutions leveraging borrower business models and investor networks across India.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Vivriti Capital Funding History
Vivriti Capital has raised a total of $212M across 6 funding rounds.
Vivriti Capital's first fundraising round was a $28M Series A in December 2018. The most recent completed round was a $22M undisclosed-stage round in February 2026.
Vivriti Capital funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2026 | Undisclosed stage | Vineet Sukumar (lead) | $22M | On February 24, 2026, Vivriti Group announced the launch of Vivriti Next, a holding and operating company consolidating Vivriti Capital and Vivriti Asset Management. Founder and Managing Director Vineet Sukumar committed a personal equity investment of Rs 200 crore into the new entity. With this infusion, the group raised approximately Rs 1,630 crore in total promoter and external equity capital from investors including Creation Investments, Lightrock, and TVS Capital Funds. The restructuring represents an organizational consolidation rather than a traditional VC funding round with an external post-money valuation. Vivriti Capital Limited operates as a systemically important non-banking financial company (NBFC-ND-SI) providing debt financing solutions to mid-market enterprises. As of FY2024, the company reported net profit of Rs 191.3 crore on total managed assets of Rs 9,521.5 crore. As of H1 FY2026, Vivriti Capital reported net profit of Rs 101 crore on total managed assets of Rs 11,701 crore. The company's Assets Under Management grew to Rs 9,302 crore as of March 2025 from Rs 8,071 crore as of March 2024. With a net worth of Rs 2,021 crore as of September 2024 and over Rs 2,000 crore in equity funding received, the company maintained solid financial footing. The reorganization brings Vivriti Capital and Vivriti Asset Management under the unified Vivriti Next platform while expanding offerings to include capital markets solutions, technology services, and advisory across capital structuring, financing, risk, ratings, and ESG. Equity shareholders of Vivriti Capital transition to the new holding company structure, maintaining an institution-led and diversified capital base. Sukumar's personal stake increases from less than 7% to 11.5% with this infusion, with plans to increase his holding further as the company prepares for a public listing within three years. Vivriti Next officially became effective on April 1, 2026. |
| Mar 2022 | Series C | Lightrock (lead); TVS Capital Funds (lead); Creation Investments Capital Management, LLC | $82M | Vivriti Capital is an alternative lending platform founded in 2017, providing debt solutions to mid-market enterprises underserved by traditional banks, using credit underwriting, structured products, and technology-driven risk assessment across industries. It has raised cumulative equity capital of approximately ₹1,399 crore from private equity investors including Creation Investments (₹481 crore), Lightrock (₹597 crore), and TVS Capital (₹321 crore), with specific infusions of ₹317 crore in FY22 from Creation Investments and Lightrock, and ₹221 crore in FY23 from TVS Capital Growth Fund. A Series C round of $30 million (approximately ₹221-250 crore) occurred around May 2022 led by TVS Capital Funds, following earlier rounds like Series B (~$60M in 2021) and preceding later raises such as ~$65M Series D in 2023 and $25M debt in 2024. As of September 30, 2023, the company's net worth stood at ₹1,665 crore, supported by equity raises and profit accretion, with a capital adequacy ratio of 25.25% and fully diluted ownership of Creation Investments at 52.02%, Lightrock (LGT group) at 23.97%, TVS Capital at 3.04%, and founders at 13.55%. Sources list total funding raised as $205M to $247.89M over multiple rounds up to 2024; a $1.36B valuation is noted only for the May 2022 Series C. The company benefits from marquee investors providing operational expertise via board representation and has diversified its loan portfolio while maintaining sound risk management. Later developments include additional ₹100 crore equity in October-November 2023 and debt financing for portfolio growth. |
| Sep 2020 | Series B | Creation Investments Capital Management, LLC (lead) | $14M | Vivriti Capital is a tech-enabled credit investment platform and non-deposit taking NBFC based in Chennai, India, serving institutional and retail markets with lending to mid-market enterprises. It owns and manages the online platform CredAvenue. In September 2020, the company raised ₹100 crore ($13.6 million) in a Series B funding round led by Creation Investments Capital Management, LLC through private placement of CCPS Series 02, following prior raises including ₹310 crore in 2019 from the same investor and ₹350 crore in March 2020 from LGT Lightstone Aspada. For FY 2020-21 ended March 31, 2021, Vivriti Capital reported revenue from operations of INR 21,938.19 lakhs, up from INR 14,774.18 lakhs in FY 2019-20, with net profit of INR 3,000.51 lakhs. The company managed assets of INR 157.50 crore as of March 31, 2021, and maintained a capital adequacy ratio of 40.50%. It launched schemes under Vivriti Vihaan Trust, including Vivriti India Impact Bond Fund investing in debt securities of last-mile financial services providers. Vivriti Capital continued growth with later rounds, including a Series C of $55 million in 2022 from Lightrock, Creation Investments, and TVS Capital Funds for expansion and technology investments. |
| Mar 2020 | Series B | - | $50M | Vivriti Capital is an NBFC registered with the RBI providing technology-enabled debt financing solutions to mid-market companies. The company raised approximately $50 million in its Series B round on March 18, 2020, as part of its capital raising strategy to expand lending operations and grow its customer base. Vivriti Capital offers structured credit products and operates through multiple platforms including CredAvenue for origination and distribution. By September 2020, the company had arranged business volume of ₹22,500 crore through its CredAvenue platform and had built a management team with experience in credit lending and capital markets. The company continued fundraising, raising $55 million in Series C funding in 2021 (reported in source ), at which point it was nearing a $1 billion valuation, demonstrating significant growth trajectory over the following 12-18 months after the March 2020 round. |
| Mar 2019 | Series A | Creation Investments Capital Management, LLC (lead) | $16M | Vivriti Capital raised INR 310 crore (approximately $42 million, with INR 235 crore infused in FY19 and INR 75 crore expected in early FY20) from Creation Investments in its maiden equity round around January/February 2019. This funding supported the launch of its NBFC business in April 2019, achieving Systemically Important NBFC status, and nearly tripled volumes in FY19 due to its marketplace launched in April 2018. The company provides debt capital to small- and mid-sized enterprises in India. Sources approximate this as a ~$20 million Series A round in 2019 led by Creation Investments to expand the lending portfolio and mid-market customer base. |
| Dec 2018 | Series A | Creation Investments Capital Management, LLC (lead) | $28M | Vivriti Capital, an Indian non-bank financial company (NBFC) focused on providing debt capital to underserved enterprises and individuals, completed its maiden equity capital raise in late 2018 from Creation Investments Capital Management, LLC. The Series A round involved INR 310 crore (approximately $37.5 million at prevailing rates, though external sources cite $27.4M or $28.2M), with INR 235 crore infused in FY19 (ending March 2019) and the remaining INR 75 crore expected in early FY20. This funding supported the launch of its NBFC business in April 2019 and growth in lending volumes, nearly tripling during FY19 due to its Marketplace platform launched in April 2018. Creation Investments India III emerged as a major shareholder, later holding significant stakes like 35.79% by end-FY19 in certain share classes and up to 57.89% on a fully diluted basis by March 2022 after additional infusions totaling Rs.480 crore since January 2019. The company shifted from marketplace operations to direct lending as a systematically important NBFC post-infusion. Sources confirm Creation Investments' focus on financial inclusion in emerging markets, with this being Vivriti's first major PE investment. Subsequent capital raises included Rs.1,078 crore total equity by 2022 from Creation and LGT Lightstone, boosting tangible net worth to Rs.1,187 crore (unaudited) as of March 31, 2022. Vivriti expanded into structured finance, asset sales, co-origination of SME/enterprise debt, and investments in subsidiaries like Vivriti Asset Management (VAMPL) for asset management and CredAvenue (CAPL) for technology-led debt platforms. By later periods, it served 208+ enterprise clients and 9 lakh+ retail clients with AUM of Rs.3,639 crore. |
Who has invested in Vivriti Capital?
4 investors have backed Vivriti Capital across its funding rounds, including Creation Investments Capital Management, LLC, Lightrock, TVS Capital Funds and Vineet Sukumar.
Lead investors include Vineet Sukumar, Lightrock, TVS Capital Funds and Creation Investments Capital Management, LLC.
Vivriti Capital Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Dec 2018 | ||
| 1 | Lead | Mar 2022 | ||
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Start Free TrialInvestments by Vivriti Capital
Vivriti Capital has invested in 1 company to date.
Latest investment by Vivriti Capital was on April 20th 2022. Vivriti Capital invested in G.O.A.T Brand Labs in their $50M Series A round.
Latest Investments by Vivriti Capital
| Description | G.O.A.T Brand Labs is a Bengaluru-based house acquiring and scaling direct-to-consumer brands in fashion, home essentials, nutrition, beauty, and personal care categories. It manages a portfolio of over 20 brands generating combined revenues surpassing INR 500 crore annually. The firm provides operational support through centralized supply chains in India and Southeast Asia, alongside digital marketing via performance channels. G.O.A.T Brand Labs partners with accelerators like Google for Startups and invests in product R&D facilities in Gurugram. |
| HQ Country | |
| HQ City | Bangalore |
| Deal Date | 20 Apr 2022 |
| Round | Series A |
| Raised | $50M |
| Investors | Climber Capital; Winter Capital; 100Unicorns; Dholakia Ventures; Tiger Global; Flipkart; Venture Catalysts; Oxyzo |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Vivriti Capital investments and their VC round multiples. Start Free Trial | |
Vivriti Capital Competitors
Vivriti Capital competitors include listed companies like Copart and RB Global, and private ones like Faire, OfBusiness, Zetwerk and Inxeption.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.6B | $1.9B | $27B | 4.9x | ||
| Publicly listed | $4.6B | $1.4B | $16B | 4.1x | ||
| Private | $500M | - | $5.2B | 10.4x | ||
| Private | $2.1B | - | $4B | 1.9x | ||
| Private | $102M | $20M | $3.1B | - | ||
| Private | $300M | - | $3B | 10.0x |
Vivriti Capital Public Comps
Vivriti Capital is still privately-owned, but its public comps include JPMorgan Chase, Bank of America, HSBC, Morgan Stanley, RBC, Goldman Sachs, MUFG, Wells Fargo, Citigroup and Santander.
| Last FY | EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|---|
| Revenue | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $182B | 5.1x | 4.6x | - | - | |||
| $113B | 3.6x | 3.4x | - | - | |||
| $71B | 4.9x | 4.7x | - | - | |||
| $66B | 4.8x | 4.1x | - | - | |||
| $48B | 5.9x | 5.5x | - | - | |||
| $58B | 4.8x | 4.1x | - | - | |||
| $48B | 5.5x | 6.6x | - | - | |||
| $84B | 3.1x | 3.0x | - | - | |||
This data is available for Pro users. Sign up to see all Vivriti Capital competitors and their valuation data. Start Free Trial | |||||||
Common questions about Vivriti Capital
| When was Vivriti Capital founded? | Vivriti Capital was founded in 2017. |
| Where is Vivriti Capital headquartered? | Vivriti Capital is headquartered in Chennai, India. |
| Is Vivriti Capital publicly listed? | No, Vivriti Capital is a private, VC-backed company. |
| How much funding has Vivriti Capital raised? | Vivriti Capital has raised $212M across 6 funding rounds. |
| What was Vivriti Capital's last funding round? | Vivriti Capital's last funding round was a $22M undisclosed-stage round in February 2026, led by Vineet Sukumar. |
| Who are Vivriti Capital's investors? | Vivriti Capital's investors include Creation Investments Capital Management, LLC, TVS Capital Funds, Lightrock and Vineet Sukumar. |
| Which companies are comparable to Vivriti Capital? | Companies comparable to Vivriti Capital include Copart, RB Global, Faire, OfBusiness, Zetwerk and Inxeption. |
| How many companies has Vivriti Capital invested in? | Vivriti Capital has invested in 1 company, including G.O.A.T Brand Labs. |
| What was Vivriti Capital's last investment? | In April 2022, Vivriti Capital invested in G.O.A.T Brand Labs' $50M Series A alongside Climber Capital, Winter Capital, 100Unicorns and 5 other investors. |
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