Key Points
Nivara Home Finance has raised $10 million from Baring Private Equity India in a primary round of funding..
Founded in 2015, Nivara is focused on providing affordable housing finance to micro-entrepreneurs and salaried customers..
The ticket size for these housing loans generally ranges between 5 lakh and 7.5 lakh -- a relatively underserved segment since most affordable housing finance peers cater to a ticket size of 9-10 lakh or higher...
In a similar context, Debanshi Basu, Senior Principal at Baring Private Equity India, said that the affordable housing finance space is poised for significant growth...
Nivaras focus on asset quality, its commitment to underserved segments, and the experience, expertise, and exceptional governance practices the management team, will propel the franchise for a long time to come, said Basu...
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