Ummeed In News
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Ummeed Housing Finance Raises USD 76 Mn to Expand into Central and Southern India
Ummeed Housing Finance has announced an equity fundraise of about USD 76 million in series F round from A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital, and existing investors Norwest Venture Partners. DC Advisory India was the exclusive financial advisor to Ummeed and its existing shareholders.
The financing includes around INR 300 crore in primary capital to support the company's expansion into central and southern India. Additionally, the round facilitated an exit for Lightrock Global Fund S.A., which had invested in Ummeed in 2018.
Other significant investors in the company include Ashutosh Sharma (Founder and MD), Morgan Stanley, and CX Partners.
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