AVIOM Housing Finance funding, investors and company details

AVIOM Housing Finance is an emerging Financial Services - Fintech - Lending startup from New Delhi, working in the space of Affordable housing finance company, providing customized loans ranging from ₹50k to ₹5 lakhs to low-income. Founded by Kajal Ilmi.

Company: AVIOM India Housing Finance Private Limited
Sector: Financial Services - Fintech - Lending
Location: New Delhi
Founders: Kajal Ilmi
Total funding raised: ₹41.68 Cr

Company overview

Aviom India Housing Finance operates as a affordable housing finance company, providing customized loans ranging from ₹50k to ₹5 lakhs to low-income, under-banked women in rural and semi-urban areas across 13 states via 350 branches. It offers financing for home purchase, construction, extension, renovation, sanitation facilities (funding 50,000+ toilets), and loans against property, with average tickets of ₹2.5 lakhs over seven-year tenures, disbursing 80,000+ loans totaling ₹17.52 billion AUM by FY24. Key activities include the women-focused Aviom Shakti program for financial independence, transparent processing without agents, diversified funding from 52 lenders, and emphasis on home improvements for underserved borrowers.

Funding rounds

Latest round (Debt): $ 5.00 Mn (₹41.68 Cr.), 2024-06-20. Investors: InsuResilience Investment Fund