Enabling Qapital Partners with Vivriti Asset Management to support underserved Indian businesses
On Thursday, influential Swiss investment company ‘Enifying Qapital’ (EQ) announced its partnership with Chennai’s Indian asset manager ‘Vivriti Asset Management’ (VAM) to invest Rs 375 Crore to promote the UN’s goal of sustainable development (SDGs) and back up businesses that should lead to economic growth. of the COVID-19 epidemic.
Vivriti Asset Management Private Limited was introduced on 21 February 2019. VAM is a non-governmental company registered with the Registrar of Companies. The company’s authorized share price is Rs 1000,000 and is involved in other financial research.
The directors of Vivriti Asset Management Private Limited are Kenneth Dan Vander Weele, Namrata Kaul, Kumar Gaurav, Narayan Ramachandran, Kartik Srivatsa, Vineet Sukumar and John Tyler Day.
Central to this partnership are the provision of assistance and credit financing to small businesses and fintech startups, strengthening agricultural supply chains, and empowering women entrepreneurs in the country.
Vivriti Asset Management said in a statement on Thursday, “We are delighted with our partnership with Vivriti in our investment plan in India which aims to divert funds to the reserves of the financial system.
According to Chuck Olson, Managing Partner at Enifying Qapital, “this is in line with the world’s leading subsistence and small business. Vivriti will target businesses that will receive funding, as well as risk risks in all business cycles. ”
According to Soumendra Ghosh, Chief Investment Officer of Vivriti Asset Managements “we at Vivriti Asset Management have been able to create positions in a way that reflects returns that are more risky than markets while investing in social enterprises.
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Empowering Qapital is known to have a global entry point with more than 25 members based in Switzerland, Liechtenstein, Kenya, Pakistan, Kyrgyzstan, India and Ecuador. Empowering Qapital has strong commitments, expertise, and proven track record in financial and investment investments.
Vivriti Asset Management has developed a credit facility in India. This year, VAM has raised its commitment to INR 1,300 crore in its investments from global and local investors interested in investing in this space. These funds generate 8 – 16% of the minimum revenues, by providing medium-sized and emerging businesses with targeted financing.