Chennai-based Vivriti Capital raises $55 million from Lightrock, Creation Investments : Rashtra News #Chennaibased #Vivriti #Capital #raises #million #Lightrock #Creation #Investments Chennai-headquartered Vivriti Capital, a non-deposit taking NBFC, has raised $55 million (about Rs 400 crore) in its Series C funding from PE platform Lightrock India and impact investment management firm Creation Investments. With this
Agrawal told ET that he will continue to work with the fund in a "non-executive capacity for some time." His departure means only three partners will be left at the firm – Saleem Asaria, Vaidhehi Ravindran and Kartik Srivatsa.
This comes at a time when Saleem Asaria has also stepped back from daily operations, per sources who added that Raghav Rungta has already left Lightrock. Ashish Garg left in September 2022 to join a startup.
Omnichannel furniture retailer Pepperfry narrowed losses slightly to Rs 187.6 crore in FY23 from a year ago while operating revenue grew modestly. This and more in todays ETtech Top 5.