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Aviom India Housing Finance, a C4D Partners-backed micro-lender, has raised USD 30 million in a Serie D equity investment round headed by Nuveen. The cash will be used by the New Delhi-based company to extend its market reach and boost its operational capacities.
Meanwhile, C4D Partners, which invested in the startup's Series B fundraising round, has exited partially. Aviom has also received funding from Japan's Gojo and Company and India's Sabre Partners, in addition to Nuveen and C4D Partners.
Aviom, which was founded in 2016 and operates in 12 Indian states, facilitates access to inexpensive loans for low-income people in rural and semi-urban India.
The company also provides technical assistance (TA) to portfolio companies through its Portfolio Support Programme (PSP), which is considered non-investment support and functions as a catalyst for improving financial sustainability of the portfolio while potentially lowering the mortality rate.