India: Shubham Housing secures $48m funding from PremjiInvest, Helion, Elevar

Photo: Mint

Shubham Housing Development Finance Co., which provides housing loans to families with informal incomes, has raised Rs305 crore in a series D round of funding, a senior company executive said.

The funding round was led by PremjiInvest, the family investment arm of Wipro chairman and billionaire Azim Premji, and also saw participation from existing investors Helion Venture Partners and Elevar Equity. This round also saw the exit of Accion’s Frontier Investment Group and Saama Capital.

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