InvestorQ : What is UHFL into and why has it raised seed PE funding?
Mahima Roy made post

What is UHFL into and why has it raised seed PE funding?

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3 months ago
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Ummeed Housing Finance Private Limited or UHFL has Rs.270 crore equity from Norwest Venture Partners and Morgan Stanley PE Asia. UHFL will use these funds to enhance its lending AUM from Rs.650 crore to Rs.2,000 crore. UHFL funds affordable homes and is extremely bullish on the affordable homes market. The affordable housing finance market is expected to grow 3-fold to Rs.40,00,000 crore by fiscal year 2030.
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