Vivriti Asset Management has secured an additional $20 million in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB), which is known for supporting impact investments in developing countries by financing private sector projects that foster sustainable economic growth.
The latest fund infusion from OeEB takes total commitments in VIRAF to $165 million, bringing it closer to its targeted corpus of $250 million.
Launched in March 2023, at GIFT City, VIRAF is an asset-backed securitization fund, set up with the objective of scaling investments in small ticket loans to micro and small enterprises (MSEs), as well as individuals with a focus on women entrepreneurs.
As of March 2025, VIRAF’s AUM was around $140 million. Since its inception it has disbursed over $200 million supporting 25 NBFCs. These loans have reached over 350,000 individuals and over 100,000 MSME borrowers, and of those, over 75 per cent are women.
Over a ten-year period, VAM’s aim is to cumulatively invest over $1 Bn in retail ABS.
Published on May 20, 2025
