Aviom India Housing Finance secures USD 30 million in fundraising from Nuveen in a new funding round. The funds will fuel market expansion and operational strengthening. Existing investor C4D Partners partially exits by selling a stake to Nuveen. Aviom caters to low-income households with construction, improvement, and renovation loans. The investment has led to a remarkable portfolio growth and employee expansion. Aviom's journey exemplifies innovative financial solutions for inclusive growth.
Aviom India Housing Finance has achieved a remarkable feat by successfully securing a USD 30 million fundraising round, courtesy of global investment management firm Nuveen. The company, headquartered in New Delhi, envisions leveraging the fresh capital infusion to expand its market reach and fortify its operational capacities, as highlighted in an official statement.
In an intriguing turn of events, existing investor C4D Partners has strategically divested a portion of its stake in Aviom by selling it to Nuveen in a secondary deal. While the specific details pertaining to the stake sold and the financial transaction remain undisclosed, this milestone marks a significant juncture in Aviom's journey. Alongside Nuveen Capital and C4D Partners, the company has also garnered investments from esteemed entities such as Japan's Gojo & Company and India-based Sabre Partners, thereby further solidifying its position as a formidable player in the industry.
Aviom specializes in catering to the needs of low-income households residing in rural and semi-urban areas. The company actively facilitates construction, improvement, sanitation, and renovation loans, thereby empowering these communities and fostering their holistic development.
Kajal Ilmi, the visionary founder, managing director, and chief executive of Aviom, radiates boundless enthusiasm regarding the recent funding triumph. She accentuates the positive ripple effect the raised funds will exert in amplifying the company's market reach. She further highlights how C4D Partners, with their longstanding track record, go above and beyond the call of duty to provide invaluable support to their portfolio companies beyond mere capital investment.
Arvind Agarwal, the enterprising founder and CEO of C4D Partners, commends Aviom's awe-inspiring growth trajectory and its revolutionary disruption within the micro-mortgage landscape in India. He passionately reiterates his firm's steadfast commitment to empowering pioneering startups that possess the potential to engender a positive societal impact and revolutionize the ecosystem. Riding high on their recent launch of the India-dedicated Fund-2, C4D Partners has achieved a triumphant secondary exit, yielding exceptional returns from their investment in Aviom.
According to the official statement, C4D Partners has garnered exceptional returns on their investment, leading to a remarkable sevenfold surge in Aviom's gross loan portfolio. The company has witnessed a meteoric rise in its employee strength, soaring from 323 to an impressive 2,211 individuals while its network expanded to 118 branches spanning 12 states. C4D Partners' partial exit during Aviom's Series-D funding round impeccably exemplifies their finely honed investment strategy, highlighting their unwavering commitment to identifying and nurturing enterprises that prioritize both financial success and social impact.
Strategic alliances and game-changing funding fuel Aviom's transformative journey, highlighting the remarkable power of innovative financial solutions and inclusive growth. Nuveen's unwavering support and the steadfast dedication of its esteemed investors fortify Aviom's position to make a lasting, positive impact on low-income households and contribute comprehensively to the development of underserved communities.
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