Rs 6.30 billion in equity raised by Ummeed Housing

19 Jun 2024 CW Team

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).

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).

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..