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Aviom India Housing Finance Raises $30 Million in Series-D Round

The company bagged a secondary investment in this funding round from Nuveen Capital

Aviom India Housing Finance Raises $30 Million in Series-D Round

Outlook Start-Up Desk

POSTED ON June 13, 2023 2:51 PM

New Delhi-based Aviom India Housing Finance, a micro-mortgage lender backed by C4D Partners has secured $30 million in a Series-D equity investment round led by Nuveen, a global investment management firm. 

The company bagged a secondary investment in this funding round from Nuveen Capital. C4D Capital, which backed Aviom in its Series B Round,  announced its partial exit.

Apart from Nuveen Capital and C4D Partners, the company has raised investment from Japan’s Gojo & Company and India-based Sabre Partners. 

Aviom will utilise the newly-generated fund to expand its market reach and strengthen its operational capacities. The company claims to cater to low-income households in rural and semi-urban areas, providing them with construction, improvement, sanitation, and renovation loans.

Commenting on the development, Kajal Ilmi, Founder, MD & CEO of Aviom India Housing Finance, said, “As we grow our business further, we’re excited to be associating with Nuveen. The funds from this round will support our efforts toward amplifying Aviom’s market reach. We also have C4D Partners making a partial exit with this round. C4D has a track record of working closely with its portfolio, and the investor offers immense support beyond just capital. We’re happy that we have the opportunity to be working with such investors. The year has begun on an optimistic note. We’re confident of continuing this streak with more business milestones.”

“Since its inception, Aviom has relentlessly aimed at creating a disruption in the micro-mortgage space in India,” said Arvind Agarwal, Founder & CEO, of C4D Partners. 

“We’re thrilled to have witnessed and been a part of their growth trajectory over the past few years. During this time, our relationship has been one of trust and belief in Aviom's vision, potential, and ability to execute. The successful partial exit reinforces our commitment to supporting startups that are innovative, passionate, and focused on creating a positive impact – both in the ecosystem and in society,” he added. 

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