Ummeed In News
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Ummeed Housing Finance secures $76 million in funding to fuel south, central India expansion
Housing loan provider Ummeed Housing Finance Pvt. Ltd has secured $76 million, or about ₹630 crore, in Series F funding from A91 Partners LLP, Mirae Asset Venture Investments (India), and Anicut Capital. Existing investor Norwest Venture Partners also participated in the round.
The Gurugram-based company will use the money to expand into central and southern India and invest in technology and processing capabilities.
The latest funding round, which includes nearly ₹300 crore in primary capital, also marked the exit of Lightrock Global Fund S.A., an investor in Ummeed Housing Finance since 2018. Other significant investors in the company include founder Ashutosh Sharma, Morgan Stanley, and CX Partners.
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