AVIOM Housing Finance raises Rs 60 crore from foreign investors

The latest round of funds will take equity to about Rs 86 crore, it said.

ThinkStock Photos
The latest round will help Aviom expand its reach by penetrating into cities of Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Uttarakhand, and Delhi-NCR, it said.
NEW DELHI: Mortgage lender AVIOM Housing Finance on Monday said it has raised Rs 60 crore from foreign investors.

Gojo & Company, Inc JAPAN, and Capital 4 Development Asia Fund Netherlands have done series B round of funding, AVIOM Housing Finance said in a statement.

The latest round of funds will take equity to about Rs 86 crore and help the company expand its reach by penetrating into cities of Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Uttarakhand and Delhi-NCR, it said.


While the company's current borrowing stands at Rs 150 crore, it intends to raise another Rs 500 crore in debt in the coming year, the statement said.

The housing finance company had earlier raised Rs 15 crore in its series A round of funding from Singapore-based impact-focused venture capital firm Insitor Management.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+