Vivriti Capital, a digital marketplace which connects investors and companies, has bagged $50m in its Series B round, coming less than a year since its former round.
The new funding, which puts Vivriti’s total funding to $100m, was led by LGT Lightstone, according to a report from Deal Street Asia.
Capital from the investment has been earmarked for developing its technology and its analytical prowess. Additionally, money will be used to even out the balance sheet, the article claims.
India-based Vivriti previously closed its Series A from Creation Investments last year, it said.
The FinTech, which was founded in 2017, offers an online marketplace which connects capital market investors with institutions, small businesses and individuals. The solution, CredAvenue, supports clients with their prospecting, evaluating, executing and monitoring debt, all from a single solution.
FinTech investment in India hit a record level of deals in 2019, according to data from FinTech Global. The total funding volume was also three-times bigger than 2018; however, it was still significantly smaller than the amount seen in 2017.
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