Bharat Housing Network Secures $14.5M Series A Funding Led by Nabventures

Bharat Housing Network Secures $14.5M Series A Funding Led by Nabventures

Bharat Housing Network, a pioneering tech platform dedicated to co-lending in the realm of affordable housing, has announced a substantial leap in its growth trajectory. The company successfully closed its Series A funding, amassing a remarkable Rs 125 crore (equivalent to $14.5 million). This funding was spearheaded by Nabventures Fund, joined by a consortium of investors including Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, and SMK Ventures. Notably, support also poured in from DMI Sparkle Fund, LC Nueva, and other influential backers.

This financial boost propels Bharat Housing Network towards its strategic objectives. The primary intent behind this capital influx is to fortify the platform’s technological infrastructure and expand affordable mortgage assets within their balance sheet.

Bharat Housing Network stands as a key enabler, providing capital, technology, and essential infrastructure to housing finance companies and non-banking finance entities. Their focus remains fixed on facilitating housing credit delivery at the grassroots level, particularly targeting tier II, III cities, and other regions catering to the low-income and economically weaker sections of society.

In just two years, Bharat Housing Network has already onboarded an impressive tally of 23 financial institutions. Their footprint spans 200 locations across 12 states, indicating a promising expansion. With ambitious aims to hit gross disbursements of $500 million (Rs 4,100 crore) in the coming three years, the platform is set to significantly impact the accessibility of affordable housing credit across underserved communities.

This fundraising success not only marks a pivotal moment for Bharat Housing Network but also underlines the growing investor confidence in initiatives aimed at addressing the critical need for affordable housing solutions in India.