Ummeed Housing Finance has successfully raised approximately USD 76 million in its Series F funding round from A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital, and existing investors Norwest Venture Partners. This equity infusion aims to support Ummeed’s strategic expansion into central and southern regions of India.
Founded in 2016 by Ashutosh Sharma, Ummeed Housing Finance specializes in providing affordable housing loans and small-ticket business loans to self-employed individuals in the low and middle-income segments.
Operating from Gurugram, the company currently operates across seven states in North and Central India, boasting a workforce of 1300 employees and 115 branches. With this funding, Ummeed aims to further expand its footprint into the southern region of the country.
Ashutosh Sharma, Founder and Managing Director of Ummeed Housing Finance, expressed confidence in the company’s growth trajectory, emphasizing their commitment to inclusive financial solutions. He highlighted Ummeed’s strong asset quality and steady portfolio growth, focusing on enhancing its liability franchise and serving underserved communities.
Ummeed Housing Finance has reported a robust growth rate of over 60% CAGR since inception, supported by a diverse funding base comprising 31 lenders, including National Housing Bank (NHB), PSU banks, private sector banks, and development finance institutions (DFIs) like the United States International Development Finance Corporation.
As Ummeed Housing Finance embarks on its expansion journey into new geographic markets, the company remains focused on maintaining high standards of growth, asset quality, and customer service. The funding round reflects investor confidence in Ummeed’s vision and operational capabilities to drive financial inclusion and sustainable business growth in India’s diverse economic landscape.