From the InsuResilience Investment Fund, Delhi NCR-brd AVIOM Housing Finance has secured $5 Mn in debt funding.
The funds were raised by AVIOM through the allocation of 500 secured, listed US dollar denominated bonds to the InsuResilience Investment Fund.
Read also – Ummeed Housing Finance Secures Rs 630 Cr Series F Funding Round Led by A91 Partners, Mirae Asset
The fund’s goal is to mitigate the susceptibility of low-income households and micro, small, and medium-sized enterprises (MSME) to extreme weather events.
AVIOM provides housing loans to low-income households across the country. It claims to combine lending with social impact and caters to the niche informal housing market. The startup offers housing loans to individuals for home improvements, renovation, and sanitation.
AVIOM asserts that it has disbursed loans totaling 80,000 in 13 Indian states to date. It maintains more than 350 branches throughout the nation.
AVIOM secured $30 million in funding during its Series D round, which was led by Nuveen. It was a combination of primary and secondary investments that generated a partial exit that affected VC firms C4D Partners and Gojo & Co.
About AVIOM
Founded in 2016 by Kajal Ilmi, AVIOM HFC provides housing loans in rural and semi-urban areas catering to both salaried & self-employed.
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