Ummeed Housing Finance Private Limited raised INR 270 crores in equity funding from Norwest Venture Partners and Morgan Stanley Private Equity Asia to enhance its affordable housing finance offerings in India.
Target Information
Ummeed Housing Finance Private Limited (UHFPL) is a prominent player in India's housing finance sector. The company specializes in providing loans that facilitate access to housing for economically disadvantaged groups, thereby addressing the pressing need for affordable housing in India.
The recent funding round saw UHFPL secure INR 270 crores in equity capital, significantly bolstering its position in the market and expanding its capabilities to serve underserved demographics more effectively.
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Industry Overview in India
The housing finance industry in India has been rapidly evolving, driven by a combination of government initiatives, rising urbanization, and a growing economy. The Reserve Bank of India (RBI) has
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Norwest Venture Partners
invested in
Ummeed Housing Finance Private Limited
in 2021
in a Other deal
Disclosed details
Transaction Size: $36M