Avendus Capital Advises Ummeed Housing Finance on Its Series D Fund Raise LED by Morgan Stanley Asia and Existing Shareholder LGT Lightstone Aspada

This round of fundraising gives us clear visibility on the equity front before entering the next financial year. We will use these proceeds to further expand in new geographies and continue to strengthen our technology platform, with a focus on building state-of-the-art underwriting practices. Given the participation from larger growth equity investors, the company will look to aggressively double Asset Under Management (AUM) to INR 1,000 crore over the next 12-18 months

Affordable housing finance presents a large untapped opportunity, which Ummeed intends to address through its scalable operating model built with the right blend of technology, people and processes. We are excited to partner with UHFL in its next phase of growth.

We are excited to welcome Morgan Stanley Private Equity Asia as an investor in Ummeed. We believe that this investment is a strong testament to the company’s robust operating model and focus on asset quality and will help Ummeed scale as a distinctive player in the affordable housing finance space.

With an experienced management team to boot, Ummeed has a very clear strategy in place. The company follows a highly customer-centric business model and the cutting-edge tech-enabled processes have allowed Ummeed to service customers at the “bottom of the pyramid” with one of the best turnaround times in the industry. With this round of capital infusion from marquee investors, the company is well positioned to grow further by adopting the “Retail Bharat” theme and become the lender of choice in the affordable housing finance and MSME space.