By Accommodation Times Bureau
The Ummeed Housing Finance an affordable housing finance firm in its three rounds will have raised an approx Rs 135 crore in funding. In its latest round of funding, it raised Rs 72 crore.
The firm brought on board impact investor LGT Impact and also Lok Capital participated in the round.
According to the source, the company will use part of the money to further build its technology platform.
LGT Impact is a global impact investor focusing on private equity investments in developing and emerging countries. Its investments have the intention to achieve both attractive financial returns and measurable positive social and environmental impact.
Ummmeed offers home loans, home renovation, loan for construction, loan against property and insurance services.
Firm’s fundraise comes 16 months the company secured Rs 36 crore in a funding.