Affordable home finance player Nivara raises $10-M from Baring India

Bengaluru-based Nivara Home Finance has raised USD 10 million from Baring Private Equity India. EY was the exclusive financial advisor to Nivara for this transaction.Founded in 2015 by CV Rao, Sunil Rohokale and Monik Koticha, Nivara provides affordable housing finance to micro-entrepreneurs and salaried customers. The ticket size for these housing loans ranges between INR 5 lakh and INR 7.5 lakh.Presently, Nivara serves customers across five states - Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Maharashtra, through its network of 63 branches.