Ummeed Housing Finance Valuation, Funding & Investors

Ummeed Housing Finance is valued at $300M as of June 2024.

Last Ummeed Housing Finance valuation

$300M

Secondary · Jun 2024

Last Ummeed Housing Finance funding round

$36M

Series F · Jun 2024

Cumulative funding Ummeed Housing Finance raised

$116M

across 7 funding rounds

Key investors in Ummeed Housing Finance

Ummeed Housing Finance Overview

About Ummeed Housing Finance

Ummeed Housing Finance offers home loans and loans against property to low- and middle-income families in semi-urban and rural India. Mumbai-headquartered Ummeed operates 200 branches across nine states, targeting informal income borrowers with digital underwriting. The non-banking financial company partners with Aavas Financiers for expanded reach.


Founded

2016

HQ

IndiaGurgaon

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$300M (Jun 2024)

Ummeed Housing Finance Valuation

Ummeed Housing Finance is currently valued at $300M, based on its secondary sale in June 2024.

Ummeed Housing Finance's valuation has moved from $300M at its Series F in June 2024 to $300M in June 2024, across 2 priced rounds.

Ummeed Housing Finance valuation by funding round

Ummeed Housing Finance valuation by funding round
DateStageValuation
Jun 2024Secondary$300M
Jun 2024Series F$300M

Ummeed Housing Finance Funding History

Ummeed Housing Finance has raised a total of $116M across 7 funding rounds, plus 1 secondary share sale.

Ummeed Housing Finance's first fundraising round was a $4M Series A in October 2016. The most recent completed round was a $36M Series F in June 2024.

Ummeed Housing Finance funding rounds

Ummeed Housing Finance funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2024Secondary-$40M$300MUmmeed Housing Finance is a regulated non-banking financial company providing affordable housing loans and small-ticket business loans to self-employed individuals and underserved borrowers in the low and middle-income segments across India. The company, founded in 2016, operates through 130 branches primarily in North, Central, and South India with a team of 1,300 employees. In June 2024, Ummeed Housing Finance secured $76 million in Series F equity funding from A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital, and existing investor Norwest Venture Partners. The transaction valued the company at $300 million. The capital raise was intended to fuel expansion into central and southern India and invest in technology and processing capabilities. As of March 31, 2025, Ummeed Housing Finance had total managed assets of Rs 2,362 crore ($283 million) with a compound annual growth rate of 46% over the three-year period from FY2022 to FY2025. The company maintains strong asset quality with gross and net NPLs at 0.7% and 0.5% respectively, and has raised Rs 711.5 crore ($85.5 million) in total capital since inception, building a net worth of Rs 902 crore as of March 31, 2025. Net profit in FY2025 reached Rs 59 crore, representing growth from Rs 53 crore in the prior year, supported by expansion of its loan portfolio.
Jun 2024Series FA91 Partners (lead); Norwest; Anicut Capital; Mirae Asset Capital Markets India$36M$300MUmmeed Housing Finance is a Gurugram-based non-banking financial company specializing in affordable housing finance and small-ticket business loans for low- and middle-income self-employed customers in underserved segments, primarily in North and Central India. As of May 2024, it managed a loan portfolio of $216 million across 115 branches in seven states with about 1,300 employees and an average ticket size of Rs 8 lakh, over 70% targeting self-employed borrowers. The company received a credit rating upgrade to A/Stable from CARE Ratings in June 2024 following the Series F fundraise. In FY2024, the company achieved profit after tax of Rs. 54 crore on a total managed asset base of Rs. 1,847 crore. On approximately June 19, 2024 (announced around that date, closed July 2024), Ummeed raised $76 million in its Series F round led by A91 Partners, with participation from Mirae Asset Venture Investments (India), Anicut Capital, and existing investor Norwest Venture Partners. The round included $36 million in primary capital (around INR 300 crore) for expansion into central and southern India, technology investments, and processing capabilities, alongside secondary sales facilitating an exit for Lightrock Global Fund S.A. (invested 2018). DC Advisory India served as exclusive financial advisor. Other key shareholders post-round included Norwest (23.5%), Morgan Stanley (19.0%), A91 Partners (15.5%), and Thyme Private Limited (10.8%) as of April 30, 2024. Ummeed's prior fundraising includes $40 million Series E in 2021 from Norwest and Morgan Stanley, $20 million debt from DFC in late 2023, and $28 million debt from BII in 2025. Investors also encompass CX Partners, Ashutosh Sharma (founder/MD), and LGT Lightstone Aspada, positioning it in India's growing affordable housing finance market for informal income segments.
Oct 2021SeedNorwest$3M-Ummeed Housing Finance is an affordable housing finance company providing home loans and secured business loans to underbanked customers in tier-II to tier-IV cities with informal incomes. The company raised Rs 270 crore in its Series E funding round in September/October 2021 led by Norwest Capital LLC, with participation from existing investor Morgan Stanley's NHPEA Kabru Holding B.V. This round involved issuance of Series E compulsorily convertible preference shares and Norwest acquiring stakes from exiting investors Lok Capital and Duane Park, leaving the company backed by Norwest, Morgan Stanley, LGT, and CX Partners. The funds support expansion of operations, technology platform strengthening, and entry into new geographies, aiming to double AUM to Rs 1,300 crore over 18 months while targeting the Rs 37 lakh crore addressable credit gap in business loans. By March 31, 2021, Ummeed reported total revenue from operations of Rs 10.72 million. The company had disbursed over Rs 1,000 crore in loans to more than 12,000 customers and reached AUM of Rs 765.75 crore by FY2022 end, with FY2022 gross disbursals at Rs 375 crore, up 55% year-over-year.
Sep 2021Series ENorwest (lead); Morgan Stanley$37M-Ummeed Housing Finance is an affordable housing finance company (HFC) registered with the National Housing Bank in India, providing secured retail home loans and loans against property to low- and middle-income families, particularly those with informal incomes in urban and semi-urban areas of Tier II, III, and IV cities. The company focuses on customized loans ranging from INR 3 to 50 lakhs for home purchase, construction, improvements, extensions, and property-backed financing, emphasizing doorstep service, fast processing, and total family income assessment without strict income document requirements. As of later periods, it operated 84 branches across seven states with over Rs 1,350 crore in assets under management. In September 2021, Ummeed raised Rs 270 crore (approximately $36.7-37 million) in its Series E funding round led by Norwest Venture Partners (Norwest Capital, LLC), with participation from existing investor Morgan Stanley Private Equity Asia (NHPEA Kabru Holding B.V.). The round involved issuance of Series E compulsorily convertible preference shares (CCPS) and equity securities, with Norwest also acquiring stakes from exiting investors Lok Capital and Duane Park. Post-round, the company was backed by Norwest, Morgan Stanley, LGT (Lightstone), and CX Partners. A subsequent Series E tranche of Rs 168 crore was raised during FY 2022 from Norwest and Morgan Stanley. The funding reinforced Ummeed's position in the affordable housing finance segment, enabling expansion of long-tenor mortgages to underserved populations.
Feb 2020Series DMorgan Stanley (lead); Lightstone Ventures; CX Partners$23M-Ummeed Housing Finance Private Limited (UHFL), a Gurgaon-based affordable housing finance company founded in 2016 by Ashutosh Sharma, raised Rs 164 crore ($23.5 million) in equity funding in a Series D round on February 27, 2020, led by Morgan Stanley Private Equity Asia, which acquired a minority stake. Existing investor LGT Lightstone Aspada (also referred to as LGT Impact) participated, following a prior $10 million equity raise in September 2018. CX Partners is noted as a marquee domestic investor backing the company in later contexts. The proceeds were intended to expand into new geographies, strengthen the technology platform, and enhance underwriting practices, with a goal to double Asset Under Management (AUM) to Rs 1,000 crore over the next 12-18 months. Ummeed provides secured retail loans for home and business purposes to low-income and informal households, primarily in Tier II and Tier III towns, collateralized against self-occupied residential or commercial properties. The company operates a scalable model blending technology, people, and processes to address untapped opportunities in affordable housing finance. By FY2020-21, it had 28 hubs including locations like Sonipat and Udaipur, and widened its liability base with debt from banks, term loans, USD ECBs, NCDs, and National Housing Bank refinance of Rs 83 crore under the LIFT scheme. Later developments include a Series E round of INR 270 crores (~US$37 million) with primary and secondary raises led by Norwest Venture Partners, with participation from Morgan Stanley Private Equity Asia. As of March 31, 2023, Morgan Stanley held a 22.60% stake on a fully diluted basis. The company expanded to 42 hubs in states like Rajasthan and was present in 12 states by March 2025.
Sep 2018Series CLightrock (lead); Impact Ventures UK; Lok Capital$8M-Ummeed Housing Finance is a non-banking financial company focused on affordable housing finance for underbanked customers in tier-II to tier-IV cities with informal income and limited credit history. It commenced operations in August 2016 and operates around 130 branches across north, central, and south India. Lightrock invested in Ummeed Housing Finance in 2018 as part of an early round, alongside other investors including Impact Ventures UK and Lok Capital, with Lightrock acting as the lead. Lightrock remained invested until exiting in 2024 at a 3x return, receiving Rs 330 crore (approximately Rs 3 billion) for its original equity stake during a Series F round that included Rs 300 crore primary capital. The 2018 investment supported Ummeed's growth, scaling assets under management to over US$200 million by the time of Lightrock's exit. Lightrock provided board contributions on growth and capital structure. Post-2018, Ummeed continued raising funds, including a Series F equity round in April 2024 raising around $76 million (Rs 630 crore total including secondary) from A91 Partners, Mirae Asset, Anicut Capital, and Norwest Venture Partners, and debt of $28 million in 2025 from British International Investment.
May 2017Series BDuane Park (lead); Lok Capital (lead)$6M-Ummeed Housing Finance, founded in January 2016 by Ashutosh Sharma, provides affordable housing finance to low-income families in North and Central India, offering loans from Rs 3 lakh to Rs 25 lakh for home purchase, construction, improvement, extension, and loans against property. The company raised $5.6 million (Rs 36 crore) in Series B funding on May 22, 2017, from existing investors Lok Capital Growth Fund and Duane Park, following a $3.5 million Series A in October 2016. At the time of the Series B, Ummeed had established branches in Delhi, Chandigarh, and Jaipur with Rs 20 crore in assets under management. The funds were intended to support expansion to new locations, investment in digital technology and fintech for improved efficiencies, reduced turnaround times, and stronger credit quality, targeting a six-fold increase in AUM within a year. Ummeed's hub-spoke marketing strategy and technology focus position it to address the underserved affordable housing market, estimated at Rs 8.8 trillion potential by a Monitor-Deloitte study.
Oct 2016Series ADuane Park (lead); Lok Capital (lead)$4M-Ummeed Housing Finance, founded in January 2016 by Ashutosh Sharma, provides housing finance to low-income and informal income families in North and Central India, offering loans from INR 3 lakh to INR 25 lakh for home purchase, construction, improvement, extension, and loans against property. The company targets the underserved bottom-of-the-pyramid segment below INR 10 lakhs, where families often rely on local moneylenders. It employs a hub-spoke marketing strategy and focuses on building a technology-savvy operation with professionals experienced in small-ticket mortgages from firms like Citi, HSBC, AU Housing, and Magma. In October 2016, Ummeed raised $3.5 million in its Series A funding round led by Lok Capital's Growth Catalyst Partners and Duane Park. This marked the maiden investment from Lok Capital's third fund. The funds supported initial operations, leading to three branches in Delhi, Chandigarh, and Jaipur, with assets under management reaching Rs 20 crore by early 2017 and Rs 12.17 crore by March 31, 2017. The company reported a net loss of Rs 26.7 million for FY 2016-17 due to high setup costs including salaries. Lok Capital and Duane Park held 67% and 33% shareholding respectively by the end of FY 2016-17. Ummeed later raised a Series B of $5.6 million from the same investors to expand geographically, invest in digital technology, and grow AUM sixfold.

Who has invested in Ummeed Housing Finance?

11 investors have backed Ummeed Housing Finance across its funding rounds, including Norwest, Lok Capital, Morgan Stanley, Duane Park, Lightrock and Anicut Capital.

Lead investors include A91 Partners, Norwest, Morgan Stanley, Lightrock, Duane Park and 1 other investor.


Ummeed Housing Finance Investors

Investors in Ummeed Housing Finance by funding rounds participated
InvestorHQRoundsRoleFirst check
NorwestUnited StatesSan Francisco, CA3LeadSep 2021
Lok CapitalIndiaNew Delhi3LeadOct 2016
Duane ParkUnited StatesNew York City, NY2LeadOct 2016
Morgan StanleyUnited StatesNew York City, NY2LeadFeb 2020
Lightstone VenturesUnited StatesSan Francisco, CA1ParticipantFeb 2020
CX PartnersIndiaIndia1ParticipantFeb 2020
A91 PartnersIndiaMumbai1LeadJun 2024
Impact Ventures UKUnited KingdomLondon1ParticipantSep 2018
Anicut CapitalIndiaChennai1ParticipantJun 2024

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Ummeed Housing Finance Competitors

Ummeed Housing Finance competitors include listed companies like Eqdom, Regional Management, Nayifat Finance and ASA International Group, and private ones like Vridhi Home Finance and Way.

Public and private companies comparable to Ummeed Housing Finance
CompanyHQStatusRevenueValuationRevenue Multiple
EqdomMoroccoMoroccoPublicly listed$207M$261M-
Vridhi Home FinanceIndiaBangalorePrivate-$150M-
Regional ManagementUnited StatesUnited StatesPublicly listed$561M$296M3.0x
Nayifat FinanceSaudi ArabiaSaudi ArabiaPublicly listed$80M$305M-
WayUnited StatesSan Francisco, CAPrivate-$310M-
ASA International GroupUnited KingdomUnited KingdomPublicly listed$257M$313M2.5x

Ummeed Housing Finance Public Comps

Ummeed Housing Finance is still privately-owned, but its public comps include Regional Management, Nayifat Finance, ASA International Group, Mortgage Advice Bureau, S & U, Australian Finance Group, Medallion Financial, Muthoot Microfin, SBM Holdings and Younited.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Regional Management$561M-3.5x3.0x--
Nayifat Finance$80M-5.8x---
ASA International Group$257M-2.9x2.5x--
Mortgage Advice Bureau$358M$43M0.8x0.7x6.9x4.8x
S & U$125M-5.2x4.2x--
Australian Finance Group$108M$51M48.6x5.4x102.8x101.2x
Medallion Financial$243M-1.9x2.0x--
Muthoot Microfin$230M$24M5.3x7.7x50.1x-

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Common questions about Ummeed Housing Finance

When was Ummeed Housing Finance founded?Ummeed Housing Finance was founded in 2016.
Where is Ummeed Housing Finance headquartered?Ummeed Housing Finance is headquartered in Gurgaon, India.
Is Ummeed Housing Finance publicly listed?No, Ummeed Housing Finance is a private, VC-backed company.
What is Ummeed Housing Finance's valuation?Ummeed Housing Finance was last valued at $300M in its secondary sale in June 2024.
How much funding has Ummeed Housing Finance raised?Ummeed Housing Finance has raised $116M across 7 funding rounds.
What was Ummeed Housing Finance's last funding round?Ummeed Housing Finance's last funding round was a $36M Series F in June 2024, led by A91 Partners.
Who are Ummeed Housing Finance's investors?Ummeed Housing Finance's investors include Norwest, Lok Capital, Duane Park, Morgan Stanley, Lightstone Ventures, CX Partners, A91 Partners, Impact Ventures UK, Anicut Capital, Mirae Asset Capital Markets India and 1 other.
Which companies are comparable to Ummeed Housing Finance?Companies comparable to Ummeed Housing Finance include Eqdom, Vridhi Home Finance, Regional Management, Nayifat Finance, Way and ASA International Group.

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