Bengaluru-based Nivara Home Finance has raised INR 245 crore in Series B funding. True North led the round and Baring Private Equity India also participated along with the company’s promoters Sunil Rohokale and Monik Koticha.
Nivara Home Finance: Funding Breakdown
As per multiple statements issued on 17th March 2025, True North Fund VII led the funding with INR 170 crore. Baring PE India further invested INR 50 crore and the company’s promoters invested INR 25 crore. This is less than a year after Nivara raised around INR 85 crore in the Series A round also led by Baring PE India.
The continued support from these institutional investors reflects their confidence in Nivara’s business model, governance and the potential to capture a large share of India’s growing affordable housing finance market.
Nivara Home Finance At A Glance
Founded in 2015 by C.V. Rao, Sunil Rohokale and Monik Koticha, Nivara Home Finance was created to address the housing finance needs of micro-entrepreneurs and informal salaried individuals. These segments are often ignored by traditional lenders due to limited financial documentation and informal income.
Nivara’s loan products are designed for customers who need purchase, construction or renovation loans with ticket sizes of INR 5 lakh to INR 7.5 lakh. Focusing on smaller and more accessible financing solutions has helped the company build its name in this competitive market.
Currently, Nivara is working with a network of 68 branches across 5 states, mainly in southern and western India. This physical presence enables the company to maintain a close relationship with customers and provide them with personalized financial solutions and support.
The company’s finances are healthy with assets under management (AUM) of around INR 700 crore. Nivara has maintained asset quality with a GNPA of 0.5% as of March 2024 which shows effective lending and strong risk management.
Where Will Nivara Use the Funds?
The fresh funds will be used to supercharge Nivara’s growth. The company will focus on strengthening its technology platform, faster loan disbursal, and efficient credit assessment to provide a satisfying customer experience.
Also, the company is planning to set up branches in Tier 2 and Tier 3 cities where demand for affordable housing loans is growing. Strengthening its distribution network and innovating credit solutions for India’s diverse financial landscape will be the key.
Leadership Voices and Vision
Commenting on the fundraising, C.V. Rao, Managing Director and CEO of Nivara Home Finance, said: “This Series B round will give us the confidence to grow and expand in more geographies and customer segments, get us closer to our vision of changing face of affordable housing finance in India. We will continue to simplify the home buying process for underserved communities and create opportunities for financial inclusion.”
Maninder Singh, Partner at True North, added: “We have seen the affordable housing sector evolve and believe Nivara with its innovative approach, customer focus and proven track record is well placed to gain significant market share. Our investment is a testimony to our belief in the space.”
What’s Next for Nivara
With this fresh capital, Nivara Home Finance will scale up, expand technological capabilities and drive growth. The company will explore new products, leverage data analytics for better risk assessment and digitalize the customer onboarding process.
As India’s affordable housing finance landscape continues to evolve, Nivara Home Finance is at the cusp of a big change. Fresh funding will enable geographic and product expansion and strengthen the mission of delivering housing finance to underserved communities. The industry will watch closely to see how the company leverages this momentum to change affordable housing finance and build lasting value in the space.
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