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Nivara Home Finance Limited has secured an equity investment of INR 245 crore in its Series B round, spearheaded by True North, with continued support from existing investor Baring PE India and the company's promoters, Sunil Rohokale and Monik Koticha. True North Fund VII is set to invest INR 170 crore, while Baring PE India and the promoters have committed INR 50 crore and INR 25 crore, respectively. The fresh capital is aimed at accelerating Nivara's expansion plans, enhancing its technology platform, widening its distribution network, and introducing innovative credit solutions in the affordable housing segment.
Nivara Home Finance Limited has successfully secured an equity infusion of INR 245 crore, with True North leading the Series B funding round. Existing investor Baring PE India and the company's promoters, Sunil Rohokale and Monik Koticha, also participated in the round. As part of this funding, True North Fund VII will contribute INR 170 crore, while Baring PE India and the promoters will infuse INR 50 crore and INR 25 crore, respectively. Baring PE India, which had earlier invested INR 85 crore during Nivara's Series A round in March 2024, has reaffirmed its confidence in the company's leadership and vision by participating in this latest funding round. Advertisement
Founded in 2015 by C V Rao, Sunil Rohokale, and Monik Koticha, Nivara Home Finance was initially bootstrapped by its promoters, who had infused approximately INR 100 crore before securing Series A funding. This latest investment is intended to support Nivara's plans to expand its proprietary technology platform, extend its geographical reach into new markets, strengthen its distribution capabilities, and develop innovative credit solutions tailored to the affordable housing sector. The collaboration with True North is expected to enhance Nivara's focus on sustainable growth while making a lasting impact on affordable housing in India.
C V Rao, Managing Director and Chief Executive Officer of Nivara Home Finance, conveyed their excitement about partnering with True North, which had a commendable track record of supporting early-stage companies in the financial services sector and assisting them in scaling their businesses profitably. He remarked that this Series B round would provide the necessary strength and motivation to enable Nivara to expand into more geographies and customer segments, bringing them closer to realising their vision of revolutionising affordable housing finance in India.
Nivara Home Finance, headquartered in Bengaluru, currently operates in five states, managing 68 branches across southern and western India. The company maintains robust asset quality and profitability, with Assets Under Management (AUM) amounting to approximately INR 700 crores and a Gross Non-Performing Assets (GNPA) ratio consistently below 1%. Known for providing accessible financial products, Nivara effectively leverages technology to address the unique needs of its customers. With a strong focus on customer-centric innovation and sustainable growth, Nivara aims to establish itself as one of the most respected firms in the housing finance industry across India.
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