Vivriti AMC, a pioneer in Performing Credit investment strategies, has secured an additional USD 20 Million in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB) to boost impact investing in India. OeEB is known for supporting impact investments in developing countries by financing private sector projects.

The latest fund infusion from OeEB takes total commitments in VIRAF to USD 165 Mn, bringing it closer to its targeted corpus of USD 250 Mn. Launched in March 2023, at GIFT City, India’s international financial services centre, VIRAF is a first-of-a-kind asset-backed securitization (ABS) fund in India. VIRAF has been 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 has scaled its AUM to ~USD 140 Mn. Since its inception VIRAF has disbursed USD 200 Mn+, supporting 25 NBFCs. These loans have reached over 3.5 Lakh+ individuals and over 1 Lakh+ MSME borrowers, and of those, over 75 per cent are women. Over a ten-year period, Vivriti AMC aims to cumulatively invest over USD 1 Bn in retail ABS.

Vineet Sukumar, Founder & Managing Director, Vivriti Asset Management  said “We are proud to welcome OeEB to the VIRAF platform. Their investment is a powerful endorsement of our approach to building resilient, scalable and impact-driven fixed-income strategies in India. OeEB’s capital will directly strengthen our ability to extend funding to high-quality financial institutions that are empowering women and small businesses across India.

Sabine Gaber, Member of the Executive Board, Development Bank of Austria (OeEB) stated that “Promoting small and medium-sized enterprises and financial inclusion as well as gender equality are among the focus areas of our strategy 2024-2028. Therefore, we are very pleased to provide additional financing for VIRAF and look forward to contributing to India’s inclusive economic growth.