Aviom India Housing Finance Secures $30 Million in Series D Funding Led by Nuveen
- ByStartupStory | June 14, 2023
Aviom India Housing Finance, a micro-mortgage lender supported by C4D Partners, has successfully raised $30 million in a Series D equity investment round led by Nuveen. The company, headquartered in New Delhi, aims to utilize the funds to expand its market presence and enhance operational capabilities Additionally, C4D Partners, an investor in Aviom’s Series B funding round, has announced a partial exit during this latest investment round. Alongside Nuveen and C4D Partners, AVIOM India Housing Finance has also attracted funding from Gojo and Company of Japan and Sabre Partners based in India.
Established in 2016, Aviom operates across 12 states in India, offering affordable loan solutions to low-income individuals in rural and semi-urban areas. The company’s primary focus is on empowering women by providing them with financial independence.
Through their initiative called Aviom Shakti, Aviom enables borrowers, including those without formal income documentation, to access loans. The program also incentivizes women agents to facilitate loan origination, fostering self-sustainability and allowing women to lead dignified lives.
By pursuing its mission, the company actively contributes to several UN Sustainable Development Goals (SDGs), including SDG 1: No Poverty, SDG 6: Clean Water and Sanitation, SDG 8: Decent Work and Economic Growth, SDG 9: Industry, Innovation, and Infrastructure, and SDG 5: Gender Equality. C4D Partners, established in 2013, is an investment fund manager that prioritizes gender-smart impact and takes a sector-agnostic approach, emphasizing climate, livelihood, and the intersectionality of gender.
C4D Partners implements an investment strategy that incorporates a gender lens, aiming to allocate a minimum of 30% of its funds to women-owned SMEs. In addition to financial support, the firm offers technical assistance (TA) through its Portfolio Support Programme (PSP). This non-investment support serves as a catalyst, fostering improved financial sustainability and potentially reducing the mortality rate of portfolio companies.
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