Nivara Home Finance
Home loans for the informal sector of urban India, fostering shelter and growth.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $28.2m | Series B | |
| Total Funding | 000k | ||
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Nivara Home Finance Limited, founded by industry veterans C V Rao and Sunil Rohokale, specializes in providing home loans primarily to the informal sector of urban India. Established in 2014, the company operates in the housing finance market, focusing on individuals who may not have access to traditional banking services. With a strong presence in 5 states and 15 branches as of the end of the financial year 2019, Nivara aims to fulfill the basic human need for shelter while contributing to the overall development of its clients. The business model revolves around offering tailored home loan products that cater to the unique financial situations of its target demographic. Revenue is generated through interest on these loans and associated financial services. Nivara's commitment to financial inclusion and community development sets it apart in the competitive housing finance sector.
Keywords: home loans, informal sector, urban India, housing finance, financial inclusion, community development, tailored products, interest revenue, shelter, growth.