Vastu Housing Finance Corporation Ltd. has secured a $30 million investment from Indian PE and venture capital firm Faering Capital. Multiple Alternate Asset Management and other company shareholders carried out a secondary sale in the present transaction.
According to the company’s announcement on Thursday, Vastu manages assets worth roughly $900 million and serves in 200+ markets across 15 states in India.
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“Housing finance and specifically affordable housing are multidecadal opportunities in India. Having tracked Vastu’s progress over the last few years, we are confident that the company is well on its way to build a highly profitable, large and respected institutional franchise focused on affordable housing finance,” Aditya Parekh, co-founder & MD of Faering Capital said.
In October 2021, Vastu Housing Finance raised $200 mn, including a $120 mn initial fundraise. The secondary sale of equities made up the remaining stake. Norwest Venture Partners and other investors joined the captable at that time.
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About Vastu Housing Finance
Data science and analytics are used by the Vastu Housing Finance company to provide their customers with high-quality and reasonably priced products and franchises. The company is built on a solid foundation of people and technology. The framework with a risk management-led approach at its core is the main force behind this well-balanced approach to their business.
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