Private Equity Fund Investments
Vastu Housing Finance raises $200-M from Norwest Ventures, Creation Investments, others
Mumbai-based, affordable housing-focused lender Vastu Housing Finance has raised about USD 200 million from a consortium of investors led by Norwest Venture Partners, Creation Investments and IIFL Asset Management. The deal involves a combination of primary infusion and secondary sale. With the primary investment, Vastu will further consolidate operations in 13 states and build products to provide faster and affordable credit for the approximately 900 million population residing in these states. Vastu currently has a home loan book of around USD 400 million and over 1,200 employees. The home financier uses its own technology to assess creditworthiness of customers.
From the Venture Intelligence PE-VC Deal Database: Between Aug-15 and Apr-19, Vastu Housing Finance had raised more than INR 750 crore from Asha Impact and Multiples PE. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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