Rs 6.30 billion in equity raised by Ummeed Housing Intro It is done in the Series F round by investors including A91 Partners LLP, Mirae Assets etc. Keywords: Ummeed Housing, Fund Raising, Mirae Assets, A91 Partners LLP, Anicut Capital Ummeed Housing Finance, which is supported by Morgan Stanley and Norwest Capital, has secured Rs 6.30 billion in a Series F round from investors, including current investors Norwest Venture Partners, A91 Partners LLP, and Mirae Asset Venture Investments (India). The Rs 3 billion in primary capital and the exit for Lightrock Global Fund, which made an investment in 2018, are the two components of the fundraising. Lightrock Global Fund gave up its initial interest in the domestic financier at a 3x return, or Rs 3 billion. Ummeed's only financial advisor was DC Advisory India. The money will be used to grow in Madhya Pradesh, Telangana, and Andhra Pradesh, as well as other central and southern regions of India. Affordable home loans make up 60% of Ummeed's portfolio, with the remaining 4% going to self-employed, low- to middle-class borrowers for small-ticket business loans. Ashutosh Sharma, Managing Director of Ummeed Housing, stated that the primary focus for the company was to raise capital. He mentioned that one of their investors, who had been involved for six years, expressed a desire to exit. According to Sharma, Lightrock Global, which has been with us for six years, has now decided to exit. He also noted that Morgan Stanley and Norwest Partners are major stakeholders in the company, with Morgan Stanley holding close to a 20% stake, Norwest 23%, and CX Partner approximately 13%. Sharma indicated that Ummeed Housing currently has a loan book of Rs 180 billion and aims to expand its asset base to Rs 0.4 billion over the next 18?24 months. He affirmed that the funds raised would sufficiently support their growth plans during this period. Sharma highlighted expectations of growth driven by new housing construction initiatives under government schemes like the Pradhan Mantri Awas Yojana (PMAY) and the Credit-Linked Subsidy Scheme (CLSS).