- Indian mortgage lender Shubham has just closed a $112 million funding round.
- The funding will be used to develop the real estate startup’s technology platform.
- Check out the 11-slide pitch deck Shubham used to secure new investments.
Mortgage lender Shubham has just raised $112 million in a new round of funding.
The Indian company, which provides home loans to low-income families and emerging consumers across India, has attracted investment from names including British International Investment and LeapFrog Investments.
Since its inception 11 years ago, Shubham has helped provide housing finance to more than 61,000 Indian families, its founders said. It currently manages assets worth just under $313 billion.
The company’s chief executive, Rupa Basu, and chief executive, Sanjay Chaturvedi, said they plan to use this latest round of funding to expand operations into northern and western India, as well as to develop its technological platform.
“We will leverage the funds to help take the organization to the next level,” Chaturvedi said.
BII, LeapFrog, Asian Development Bank and Premji Invest contributed $78 million to Shubham’s latest funding round.
“Access to quality housing is an essential step in improving sanitation, providing access to clean water, improving privacy and dignity, and facilitating the creation of family wealth,” said Michael Fernandes, partner main of LeapFrog.
Here’s an exclusive look at the pitch deck slides Shubham used to raise $112 million: