Ummeed In News
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Ummeed Housing Finance Raises Rs 630 Cr In Series F Round Led By A91 Partners, Mirae Asset
Ummeed Housing Finance announced an equity fundraise of approximately Rs 630 crore (~USD 76 million) in its Series F round, with participation from A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital and existing investors Norwest Venture Partners.
The funding includes primary capital of around Rs 300 crore, aimed at fueling the company’s expansion in central and southern India. Additionally, the round facilitated an exit for Lightrock Global Fund S.A., which had invested in Ummeed in 2018.
Ummeed Housing Finance specialises in providing affordable housing loans and secured small-ticket business loans to self-employed individuals in low and middle-income categories. The company operates a network of 115 branches in tier 2, 3, and 4 locations across northern and central India, managing assets exceeding Rs 18 billion as of May 2024.
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