Aviom India Housing Finance secures $30 million in funding

  • The micro-mortgage lender has raised the funding in Series D funding.
  • Nuveen leads a $30M funding round for Aviom India Housing Finance.
  • Aviom India Housing Finance to expand market reach with $30M funding.

Aviom India Housing Finance, a micro-mortgage lender focused on serving low-income households in rural and semi-urban areas, has secured a significant investment of USD 30 million in a Series-D equity funding round. The round was led by Nuveen, a prominent global investment management firm, with participation from existing investor C4D Partners, who announced a partial exit in this round. Aviom had previously received investment from C4D Partners in its Series B funding round, and has also raised funds from Japan’s Gojo & Company and India-based Sabre Partners.

The fresh infusion of capital is expected to enable Aviom to expand its market reach and enhance its operational capabilities. The company offers construction, improvement, sanitation, and renovation loans to low-income households, aiming to provide them with affordable housing solutions.

Kajal Ilmi, Founder, Managing Director, and CEO of Aviom India Housing Finance, expressed excitement about the partnership with Nuveen, stating that the funds from this investment round will support their efforts to amplify Aviom’s market reach. Ilmi also highlighted the partial exit of C4D Partners, emphasizing their history of working closely with their portfolio companies and providing support beyond capital investment.

Arvind Agarwal, Founder and CEO of C4D Partners, praised Aviom’s growth trajectory and its disruption of the micro-mortgage space in India. He reiterated the firm’s commitment to supporting innovative startups that have the potential to create a positive impact in society and the ecosystem. C4D Partners, having recently launched their India-dedicated Fund-2, achieved a successful secondary exit with excellent returns from their investment in Aviom.

Since C4D Partners’ initial investment, Aviom’s Gross Loan Portfolio has grown sevenfold. The company has expanded its employee count from 323 to 2,211 and established a network of 118 branches across 12 states in India. C4D Partners’ partial exit in Aviom’s Series-D funding round underscores their investment strategy and unwavering commitment to identifying and nurturing companies that prioritize both social impact and financial returns.

As Aviom continues on its growth journey, C4D Partners remains a valued partner, having played a significant role in Aviom’s success story. The company’s performance, even in challenging market conditions, has generated strong returns for its investors. With the backing of Nuveen and other prominent investors, Aviom is poised to further revolutionize the micro-mortgage sector in India and make a lasting difference in the lives of low-income households.

link

Leave a Reply

Your email address will not be published. Required fields are marked *