Varashakti Housing Finance raises Rs.35-Cr from impact investor Incofin

Impact investment manager Incofin through Incofin India Progress Fund has invested USD 4.3 million (INR 35 crore) in Chennai-based Varashakti Housing Finance (VHF). VHF offers home loans, home improvement loans, loans against property and small ticket business loans. It reported an AUM of INR 119 crore with 28 branches. VHF aims to have an AUM of INR 1,750 crore by catering to 30,000 borrowers in the next 5-7 years.