Aviom India Housing Finance Raises $8 Million Led by Sabre Partners
Aviom India Housing Finance, a housing finance company has pumped $8 million in a series C funding round. The round was organized by Sabre Partners. Aviom Finance deals with micro mortgage.
The company will utilize the new fund for operational expansion and growth.
The company carters low-interest rate loans around INR 50,000 to INR 5 lakh to women who do not have any income source. These loans are usually for sanitation, improvement, renovation and construction. It provides loans for business requirements. It also provides low-income households in semi-urban and rural areas.
Aviom India Housing Finance was founded by Kajal Ilmi in 2016. It operates 100 branches in 14 states. Kajal Ilmi says, “We are excited to partner with such pedigreed investors and shall be using the funds to expand our footprints and grow the business further”.
The company has also raised debt financing from around 40 lenders, which includes global and local development financial institutions, and private and public sectors. It focuses on to raise its gross loan portfolio from INR 465 crore up to IN 1,000 crore in FY21 by the end of 2021-22.
The company’s top lenders are Black Soil, Jana Small Finance, Northern Arc, MAS Financials, IDFC First Bank, Water Equity, Indusland Bank, AU Small Finance Bank, DFC, NHB, State Bank of India and others.
The company will utilize the new fund for operational expansion and growth.
The company carters low-interest rate loans around INR 50,000 to INR 5 lakh to women who do not have any income source. These loans are usually for sanitation, improvement, renovation and construction. It provides loans for business requirements. It also provides low-income households in semi-urban and rural areas.
Aviom India Housing Finance was founded by Kajal Ilmi in 2016. It operates 100 branches in 14 states. Kajal Ilmi says, “We are excited to partner with such pedigreed investors and shall be using the funds to expand our footprints and grow the business further”.
The company has also raised debt financing from around 40 lenders, which includes global and local development financial institutions, and private and public sectors. It focuses on to raise its gross loan portfolio from INR 465 crore up to IN 1,000 crore in FY21 by the end of 2021-22.
The company’s top lenders are Black Soil, Jana Small Finance, Northern Arc, MAS Financials, IDFC First Bank, Water Equity, Indusland Bank, AU Small Finance Bank, DFC, NHB, State Bank of India and others.
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