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.
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.
