Private Equity Fund Investments
Aviom India Housing Finance raises $8-M from Sabre Partners for 13.4% stake
Sabre Partners has picked up about 13.4% stake in New Delhi-based housing finance company Aviom India Housing Finance for USD 8 million as a part of a Series C round. Five-year-old Aviom caters to low-income households in rural and semi-urban areas. It provides loans to women borrowers who do not have any formal income documentation. The lender, which doubled its asset under management to INR 550 crore in a year, is aiming to grow its book to INR 800 crore by March 2022. The company has raised debt from more than 40 lenders, including public and private sector banks, global development finance institutions and domestic financial investors. It will shortly raise another INR 150 crore in debt, and may look for further equity infusion by the first quarter of next fiscal. Sabre Partners is the third outside equity partner for Aviom. Japan's Gojo & Company holds 41% in it while Dutch fund manager Capital 4 Development Partners (C4D) holds about 8%. The promoter holding is 36% while the balance is with friends and family of the promoter.
From the Venture Intelligence PE-VC Deal Database: Between Aug-19 and Jun-20 Aviom Housing Finance had raised INR 86 crores from C4D Partners and Gojo & Company
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