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

Banking & Finance | Dated: 27 May 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Recently, how much senior debt did Vivriti Asset Management secure from the Development Bank of Austria (OeEB)?

Correct Answer: USD 20 million

🚀 Quick Recap: