Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Bharat Housing Network raises 125 Crores in Series A Funding
The Business Guardian
|November 12, 2023
Bharat Housing Network, a technology platform for co-lending in affordable housing, has raised 125 crores led by NABVENTURES Fund with participation by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nuevaand other investors.
-
NABVENTURES Fund is India's best performing VC fund focused on agri-food-rural tech including rural fintech backed by NABARD, SIDBI, Axis Bank, LIC and others. This is the seventh investment announced by NABVENTURES Fund in the first ten months of 2023.
Bharat Housing Network is India's largest co-lending infrastructure for credit delivery in the affordable mortgage priority sector. The platform provides capital, technology and infrastructure to housing finance companies and non-banking finance companies for housing credit delivery at the grassroot level. To drive growth and scale, the platform operates on a hybrid capital model-on and off-balance sheet lending.
Housing finance opportunity is vast in India. India's growing population, rising household incomes and declining size of the average household are fuelling housing demand. The industry is expected to grow at a CAGR of 13-14 per cent in the long run with home loan originations expected at Rs 10.4 trillion by FY25 and Rs 18.7 trillion by FY30. Demand is highest in the <Rs2.5mn ticket size category.
This story is from the November 12, 2023 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Rare earth magnets scheme to place India among 'allied group of nations
Union Minister for Heavy Industries & Steel, H D Kumaraswamy on Friday, through a video release, hails Union Cabinet's approval for the scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) with a financial outlay of Rs 7,280 crore emphasizing that the move will place India among the \"allied group of nations\".
1 mins
November 29, 2025
The Business Guardian
INDIAN ECONOMY GROWS 8.2% IN Q2 2025-26
India's nominal GDP grew at an 8.7 per cent rate during the September quarter, data showed today.
2 mins
November 29, 2025
The Business Guardian
Smog engulfs Mumbai amid dip in air quality as pollution rises
A dense layer of smog enveloped several parts of Mumbai on Friday, including the Bandra-Kurla Complex area, as pollution levels continue to rise in Maharashtra’s capital.
1 min
November 29, 2025
The Business Guardian
18 new prospecting agencies notified to boost India's coal sector
In a major move to accelerate coal exploration and strengthen India's push toward Aatmanirbhar Bharat, the Government of India has expanded the pool of Accredited Prospecting Agencies.
1 min
November 29, 2025
The Business Guardian
'Rising middle class, strong economy to drive tourism boom in country'
Tourism in India is set to grow at over 20 per cent Compound Annual Growth Rate (CAGR), Union Minister Gajendra Singh Shekhawat optimistically said on Friday, as he highlighted the country's growing economy, overall infrastructure, and rising middle-class population.
1 min
November 29, 2025
The Business Guardian
India’s Crypto Tax Policy Ahead of Budget 2026: From Discouragement to Neutrality
As India moves toward Budget 2026, there is a clear need to rethink how the country treats virtual digital assets (VDAs).
1 min
November 29, 2025
The Business Guardian
Tirupati laddu ghee row: SIT nabs senior TTD official
The Special Investigation Team (SIT), under the supervision of the Central Bureau of Investigation (CBD), arrested senior TTD engineering department official in connection with the Tirumala Tirupati Devasthanams (TTD) laddu-ghee adulteration case, an SIT official said.
1 mins
November 29, 2025
The Business Guardian
NHRC issues notice to MP govt officials to inquire human rights violations at VIT
The National Human Rights Commission (NHRC) has issued notices to top officials of the Madhya Pradesh government, the state police, and the University Grants Commission (UGC) after taking cognisance of a complaint alleging severe human rights violations at VIT University, located in Sehore district.
1 mins
November 29, 2025
The Business Guardian
BYJU RAVINDRAN CLAIMS CLINCHING EVIDENCE THAT PROVES LENDERS MISLED
Additionally, Byju Raveendran has separately filed a motion in the Delaware Bankruptcy Court to correct what he says is the Court's premature damages judgement.
2 mins
November 29, 2025
The Business Guardian
Warner Bros. Discovery unveils Nithari: Truth, Lies & Murder
Nearly two decades after the Nithari killings sent shockwaves across the nation, Warner Bros. Discovery and Trinetra return to the scene of the crime with Nithari: Truth, Lies & Murder. Reignited by the November 11th, Supreme Court verdict overturning Surinder Koli's last remaining conviction, the gripping three-hour investigative docu-series delves deep into one of India's most chilling real-life crimes.
1 min
November 29, 2025
Translate
Change font size