PE-VC Fund Investments
Affordable home loans player Shubham Housing raises $96-M from Creador, LeapFrog Investments;Early I
Investor Disclosure Deal Street Asia
Gurugram-based Shubham Housing Development Finance has raised USD 96 million in a secondary round led by private equity firm Creador, with participation from existing investor LeapFrog Investments. Avendus acted as the exclusive financial advisor for the transaction. This deal facilitated the exit of early investors.Founded in 2011 by Sanjay Chaturvedi and Rupa Basu, Shubham Housing Development Finance is an affordable housing lender operating 200 branches across 12 states. The company focuses on enabling first-time homeownership for families lacking traditional income documentation or credit history.
Between Aug 2010 and Dec 2024, Shubham Housing Development Finance had attracted about USD 308 M from Elevar Equity, Helion Ventures, Quona Capital, Saama Capital, Motilal Oswal Alternates, PremjiInvest, ADB, British International Investment, LeapFrog, Multiples and others.For FY25, Shubham Housing Development Finance had reported about INR 793 Cr in Operating Income and about INR 175 Cr in PAT.
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