Founded in 2015 by CV Rao, Sunil Rohokale, and Monik Koticha, Nivara Home Finance specialises in extending small-ticket housing loans ranging from Rs 5 lakh to Rs 7.5 lakh. The company targets micro-entrepreneurs and salaried individuals who are typically underserved by traditional lenders. Operating through 63 branches spread across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Maharashtra, Nivara has built a sizeable presence in South and West India. As of February 2024, the lender managed assets under management (AUM) of Rs 500 crore with a gross non-performing asset (GNPA) ratio of 0.58%, indicating strong portfolio quality. The newly raised capital will be channelled toward accelerating branch expansion and overall growth. By focusing on the affordable housing segment, Nivara aims to deepen financial inclusion while scaling its book prudently.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024