Vivriti Fund Raises USD 20 Million from Development Bank of Austria.

Banking & Finance

In May 2025, Chennai (Tamil Nadu, TN)-based Vivriti Asset Management (VAM) secured a fresh commitment of USD 20 million in senior debt from Vienna (Austria)-based Development Bank of Austria (OeEB) for its Vivriti India Retail Assets Fund (VIRAF), boosting the fund's capital base to USD 165 million.


      - This latest investment highlights OeEB’s focus on investing in developing economies, particularly those supporting green finance, Small and Micro Enterprise (SME) development, and gender inclusion.

     

     

Main Point :-   (i) VIRAF, an Asset-Backed Securitisation (ABS), was launched in March 2023 at Gujarat International Finance Tec-City - International Financial Services Centre (GIFT-IFSC) in Gandhinagar, Gujarat, with an aim to raise a corpus of USD 250 million.

      (ii) The fund is designed to increase access to small-ticket retail and Micro, Small and Medium Enterprises (MSME) loans in India, especially targeting women and underserved communities.

(iii) So far, VIRAF has disbursed over USD 200 million through partnerships with 25 Non-Banking Financial Companies (NBFCs), reaching more than 35,000 individuals and 100,000 MSMEs, with over 75% of beneficiaries being women.

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