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Aviom completes capital raise from Insitor

By February 7, 2018 No Comments

Aviom India Housing Finance Has Raised Rs 15 Crore ($2.3 million) Equity Funding From Cambodia-Based Investor Insitor Impact Asia Fund Pte. Ltd.

Legal News & Analysis – Asia Pacific – India – Capital Markets

7 February, 2018

Aviom-Insitor Impact Fund

Aviom India Housing Finance has raised Rs 15 crore ($2.3 million) equity funding from Cambodia-based investor Insitor Impact Asia Fund Pte. Ltd. in a Series A round investment. Aviom India, is a pan India financing company, which provides loans to low-income individuals and families, and has plans to use the funds raised in this round to increase its branches, expand its operations in tier-II and tier-III towns and enhance the types of credit that it currently provides.

Role – Jerome Merchant + Partners advised Aviom India Housing Finance on funding from Insitor Impact Asia Fund.
Members of JM+P team: The team was led by Partner Sameer Sibal along with Associates Ravishankar M and Rishabh Gupta.

Other Legal Advisors: LexStart advised Insitor by a team led by Ashutosh Sharma and Associate Aasim Syed.