Nivara Home Finance raises ₹245 crore for expansion

Nivara Home Finance Ltd has raised ₹245 crore in a Series B funding round led by True North. This investment includes ₹170 crore from True North, with additional contributions from Baring PE India and the company's promoters. The new funding will help Nivara expand its geographic reach, enhance its technology platform, and strengthen its distribution network. This follows a previous Series A round in March 2024, where Nivara raised ₹83 crore. Founded in 2015, Nivara focuses on providing affordable housing finance to micro-entrepreneurs and informal salaried customers. The company operates in five states with 68 branches and manages assets worth ₹700 crore.