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AVIOM HFC Secures $10 Mn Debt Funding from BlueOrchard Microfinance Fund

Apr 12, 2024over 1 year ago

Amount Raised

$10 Million

Round Type

series d

New DelhiLendingFinanceFinancial Services

Investors

Blue Orchard Microfinance Fund

Description

AVIOM Housing Finance Corporation (AVIOM HFC) has recently announced its successful raise of $10 million in debt funding from BlueOrchard Microfinance Fund. The startup is issuing 1,000 bonds to BlueOrchard with a tenure of 72 months.

Company Information

Company

AVIOM Housing Finance Corporation

Location

New Delhi, Delhi, India

About

AVIOM HFC provides housing loans in rural and semi-urban areas catering to both salaried & self-employed. We provide housing loan ranging from INR 50k to INR 5 Lakhs for the purpose of home extension, home improvement & renovation, and for building sanitation facilities to the borrower with informal income with a strong focus on women, thereby promoting women empowerment.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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