/viestories/media/media_files/2025/03/12/qcfUtuNQrUyhbIerKnMN.png)
SaaS-focused venture capital firm Cornerstone Ventures has exited its investment in the AI-powered debt collection startup CreditNirvana, marking its third exit.
The firm invested $2 million (about Rs 17.44 Cr) in CreditNirvana and earned more than 55% in return on investment (IRR).
IRR is a metric used by VC firms to measure the profitability of their investments and compare different investments.
This announcement comes a day after fintech SaaS unicorn Perfios acquired CreditNirvana.
Read also- Upskilling Platform Weskill Secures Pre-Seed Funding
Cornerstone Ventures partner Vatsal Bavishi said, “It marks our third exit via acquisition, and we are proud to have supported AI/ML-driven innovations like CreditNirvana. We are also pleased to see CreditNirvana join Perfios, a company poised to set new industry benchmarks as it moves toward an IPO.”
About CreditNirvana
Founded in 2018 by Raj MKK, CreditNirvana is a B2B debt collection platform that helps financial institutions automate their debt collection processes.
It offers services like digital collections in multiple channels and languages, call center automation, customer allocation, a GPS-enabled field app, legal process automation, and more.
About Cornerstone Ventures
The Mumbai-based Cornerstone Ventures, founded by former Reliance executives Rajiv Vaishnav and Abhishek Prasad, focuses on supporting early-stage SaaS and tech startups in sectors such as financial services, retail, healthcare and supply chain.
The latest exit is from Cornerstone’s first $50 million fund raised in 2019, which grew to include 21 companies.
Cornerstone’s previous exits were from Wigzo Technologies, a customer data platform, which was acquired by logistics company Shiprocket in 2021. Its second exit from Intelligence Node, an e-commerce intelligence platform which was acquired by US-based marketing solutions provider Interpublic Group in 2024.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Funding and Stories: Discover Funding Trends and Stories Shaping Indian Startups.
Startup Funding News: Your Gateway to Every Funding Update.
Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.
Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
