Nivara Home Finance Raises INR 245 Cr In Series B Funding

SUMMARY

Nivara’s Series B funding round was led by True North

While True North Fund VII will invest INR 170 Cr, Baring private equity India and its promoters will invest INR 50 Cr and INR 25 Cr respectively

The development comes almost a year after the non-banking financial company raised $10 Mn in a funding round led by Baring PE

Housing loan provider Nivara Home Finance has secured INR 245 Cr (around $28 Mn) in a Series B funding round led by True North, along with participation from existing backer Baring Private Equity and promoters.

While True North Fund VII will pump INR 170 Cr into the company, Baring PE India and the promoters, Sunil Rohokale and Monik Koticha, will invest INR 50 Cr and INR 25 Cr, respectively, Nivara said in a statement.

The company plans to use the fresh capital to strengthen its technology platform and distribution network, develop credit solutions as well as expand into newer markets.

“This Series B round will give us the needed strength and impetus to empower us with confidence to grow and expand in more geographies and customer base,” said CV Rao, MD and CEO at Nivara Home Finance.

Founded in 2014 by Rao, Rohokale and Koticha, Nivara offers affordable home loans to micro-entrepreneurs and informal salaried customers. The company aims to make available loans at affordable rates and small ticket sizes ranging from INR 5 Lakh to INR 7.5 Lakh. It provides loans for purchase, construction and repair and renovation of homes.

The company currently operates in five states and has 68 branches.

The development comes almost a year after Nivara raised $10 Mn in a funding round led by Baring PE for expansion and growth plans.

After a sluggish funding scenario during 2022 and 2023, the startup ecosystem has seen a 11% surge on a year-on-year basis clocking $12 Bn in total funding last year. According to Inc42’s annual funding report, fintech startups in India cumulatively raised $2.5 Bn in 167 deals, becoming the most funded sector in 2024.

Last week marked India’s second highest weekly funding in 2025 with startups bagging $428.8 Mn across 14 deals, an 11% increase on a weekly basis from $385.5 Mn raised by 29 startups in the first week of March.