Vivriti Capital Secures $25M from ADB for Climate Finance

Vivriti Capital, a non-bank lender, announced securing $25 million from the Asian Development Bank for climate finance. This marks India's first certified climate bond issuance by a private NBFC. Additionally, Traqcheck raised funds at a $14 million valuation, and Thinkuvate achieved the first close of its India-focused fund with Rs 25 crore.

Non-bank lender Vivriti Capital announced on Monday that it has secured $25 million in funding from the Asian Development Bank (ADB) for climate finance initiatives.

This senior secured debt facility, with a four-year term, is the first certified climate bond issuance by a private NBFC in India, according to an official statement.

Additionally, Enterprise software startup Traqcheck revealed it has raised an undisclosed sum at a $14 million valuation, with investors including Goldman Sachs' Alok Oberoi and Bellavita's Aakash Anand.

Singapore-based angel investment platform Thinkuvate has also declared the first close of Rs 25 crore for its India-focused fund, with investments in startups such as Rosh.ai, Zippee, Pantherun, and NymbleUp.ai.

Meanwhile, Godrej and Boyce announced the execution of a Rs 67 crore electrical works contract for the financial capital's first underground metro line, which is expected to have its first phase inaugurated soon.