AVIOM Housing nabs $8.5m from Japan's Gojo, Capital 4 Development fund

Photo: Reuters

Delhi-based AVIOM India Housing Finance has raised about $8.5 million (Rs 60 crore) in a Series B funding round from by Japan’s Gojo & Company and Capital 4 Development Asia Fund Netherlands.

While the company’s current borrowing stands at Rs 150 crore, it intends to raise another Rs 500 crore in the coming year, it said in a statement. The latest round of funding takes the company’s total equity to about Rs 86 crore.

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