Equity 360 facilitates Bharat Housing Network with 125 Crores in Series A Funding, Reshaping Rural India’s Housing Scenario in Alignment with the Prime Minister’s ‘Housing for All’ Vision

Bharat Housing Network, a technology platform for co-lending in affordable housing, has raised 125 crores led by NABVENTURES Fund with participation by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nueva and other investors. NABVENTURES Fund is India’s best performing VC fund focused on agri-food-rural tech including rural fintech backed by NABARD, SIDBI, Axis Bank, LIC and others. This is the seventh investment announced by NABVENTURES Fund in the first ten months of 2023.

Bharat Housing Network is India’s largest co-lending infrastructure for credit delivery in the affordable mortgages-priority sector. The platform provides capital, technology and infrastructure to housing finance companies and non-banking finance companies for housing credit delivery at the grassroot level. To drive growth and scale, the platform operates on a hybrid capital model-on and off-balance sheet lending.

Housing finance opportunities are vast in India. India’s growing population, rising household incomes and declining size of the average household are fuelling housing demand. The industry is expected to grow at a CAGR of 13-14% in the long run with home loan originations expected at Rs. 10.4 trillion by FY25 and Rs. 18.7 trillion by FY30. Demand is highest in the

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