Founded in 2016 by Ashutosh Sharma, Ummeed Housing Finance is a Gurugram-based platform that provides affordable housing loans and secured small-ticket business loans to self-employed individuals in the low- and middle-income segments. The company operates with a team of about 1,300 employees across 115 branches and is active in seven states in North and Central India. Ummeed has grown at over a 60% CAGR since inception and emphasizes good asset quality and a robust liability franchise. Its lender mix includes NHB, PSU banks, private sector banks, and DFIs such as the United States International Development Finance Corporation. The company recently received an upgrade in its CARE credit rating, reflecting strengthened financial health. Management is targeting expansion into central and southern India using fresh capital while continuing to serve underserved communities. Ummeed Housing Finance has secured a loan of up to $20 million from the US International Development Finance Corporation. The article frames the item as a debt facility but does not provide lender terms such as interest rate, tenor, or covenants. The report includes no details on the company's products, business model, customer base, operating metrics, or past funding rounds. It also does not disclose the intended use of proceeds or any planned strategic initiatives tied to the financing. The item appears in an India Digest, indicating the company's relevance to the Indian market. The same digest notes, separately, that fintech firm Kiwi is planning to raise $15 million. Ummeed Housing Finance is a Gurugram-based non-bank housing finance company founded in January 2016 by Ashutosh Sharma that provides loans to families with low and informal incomes. It offers home and construction loans ranging from Rs 3 lakh to Rs 25 lakh and also provides loans against property. Its key markets are Haryana, Rajasthan, Uttar Pradesh and the National Capital Region. The company aims to disburse over Rs 1,000 crore in loans to more than 12,000 customers. Management plans to aggressively double assets under management to Rs 1,300 crore over the next 18 months. The firm intends to use the latest funding to expand operations, strengthen its technology platform and enter new geographies. Ummeed Housing Finance is a Gurgaon-based housing finance company founded in 2016 that serves informal and low-income customers in Tier-II and Tier-III towns through 26 hubs across Rajasthan, Haryana, Delhi NCR and Uttar Pradesh. Its primary product is affordable housing loans; it also offers secured business loans to the MSME sector. The company has built a fully digitised loan approval and disbursal process enabling quick turnaround and has tapped a diversified mix of domestic and foreign banks and financial institutions as lenders. UHFL raised Rs 164 crore (about $23.5 million) in a Series D equity round led by Morgan Stanley Private Equity Asia, which acquired a minority stake; existing investor LGT Lightstone Aspada also participated. The firm will use the proceeds to expand into new geographies, strengthen its technology platform and build state-of-the-art underwriting practices. Management says the round provides clear visibility on the equity front and aims to aggressively double Assets Under Management to Rs 1,000 crore over the next 12-18 months. Ummeed Housing Finance provides housing loans to families with low and informal incomes, offering loans from Rs 300,000 to Rs 2.5 million for purchase, construction, improvement, extension and loans against property. The lender focuses on Haryana, Rajasthan, Uttar Pradesh and the National Capital Region. Founded in January 2016 by Ashutosh Sharma, the company aims to expand its presence and grow its loan book. It plans to increase its loan book from Rs 200 crore to over Rs 350 crore by the end of the current financial year. The company’s product set and target geographies are positioned to serve underserved affordable housing demand in northern India.

Total raised

$183M

Funding rounds

8

Latest round

Series F

Latest activity

Jun 2024