Nivara Home Finance Secures $10 Million Investment from Baring Private Equity India

Nivara Home Finance Secures $10 Million Investment from Baring Private Equity India

Nivara Home Finance recently completed a primary funding round, securing $10 million from Baring Private Equity India. The investment will fuel the company’s growth initiatives and expansion efforts. Established in 2015 by CV Rao, Sunil Rohokale, and Monik Koticha, Nivara specializes in offering affordable housing finance solutions to micro-entrepreneurs and salaried individuals. The housing loans provided by Nivara typically range between Rs 5 lakhs to Rs 7.5 lakhs. Presently, the company operates across five states, including Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Maharashtra, boasting a network of 63 branches. Nivara’s assets under management (AUM) stand at Rs 500 crore, with a gross non-performing asset (GNPA) ratio of 0.58% as of February 2024.Baring Private Equity India, known for its extensive investment experience in the Indian subcontinent, has committed approximately $1 billion across more than 90 companies in the region. Some notable portfolio companies of Baring Private Equity India include Battery Smart, Lohum, mPokket, BluSapphire, and Videoverse.