Rs 164 crore has been raised by Ummeed Housing Finance Pvt. Ltd in a Series D equity round led by a fund managed by Morgan Stanley Private Equity Asia.
“This round of fund-raising gives us clear visibility on the equity front before entering the next financial year. We will use these proceeds to expand in new geographies and continue to strengthen our technology platform, with a focus on building strong underwriting practices. We are moving into the growth stage,” said Ashutosh Sharma, Founder and Managing Director, Ummeed Housing Finance.