Indian housing finance firm UHFL raises $37m from PE funds

Gurugram-based Ummeed Housing Finance Pvt. Ltd (UHFL) has raised 270 crore ($37 million) of equity capital from Norwest Venture Partners and existing investor Morgan Stanley Private Equity Asia on Monday.

The company had raised 140 crore from Morgan Stanley Private Equity Asia in February 2020. In December 2020, CX Partners had picked up a minority stake in the company by acquiring shares from early-stage investors Lok Capital and Duane Park.

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