Housing finance company Nivara Home Finance Limited has secured ₹2,450 million in Series B funding from private equity investors and promoters, the company announced on March 17, 2025.
True North Fund VII will contribute ₹1,700 million, while existing investor Baring PE India will invest ₹500 million. The company’s promoters, Sunil Rohokale and Monik Koticha, will add ₹250 million to the funding round.
Nivara, founded in 2015 by C.V. Rao, Rohokale, and Koticha, specialises in providing home loans to India’s informal sector, particularly micro-entrepreneurs and informal salaried customers. The company offers loans typically ranging between ₹5-7.5 lakhs, targeting a segment that remains underserved by competitors who focus on higher loan amounts.
The Bengaluru-headquartered company currently operates 68 branches across five states in southern and western India, with an assets under management of approximately ₹700 crore. According to the company, it has maintained gross non-performing assets consistently below 1 per cent.
Baring PE India previously invested ₹850 million in Nivara’s Series A round in March 2024. The latest funding will support Nivara’s expansion plans, including enhancement of its proprietary technology platform, geographic expansion, strengthening distribution networks, and developing new credit solutions.