Bharat Housing Network raises Rs 125 crore in funding round led by NABVENTURES

Bharat Housing Network, a techlogy platform facilitating co-lending in affordable housing sector, anunced a successful fundraise of Rs 125 crore in a Series A funding round. investment was led by NABVENTURES Fund, with participation from Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nueva, and or investors. NABVENTURES Fund is supported by National Bank for Agriculture and Rural Development (NABARD).

platform, founded in 2021, positions itself as India's largest co-lending infrastructure for credit delivery in affordable mortg-priority sector. Its business model revolves around providing capital, techlogy, and infrastructure to housing finance companies and n-banking finance companies, aiming to make housing credit more accessible and affordable across income groups.

Lalit Menghani, founder of Bharat Housing Network, emphasised critical role of a robust housing sector in India's journey to becoming a developed ecomy. platform has onboarded 23 financial institutions and utilises a partner branch network to deliver capital in 200 locations across 12 states.

NABVENTURES Fund's CEO, Rajesh Ranjan, highlighted alignment of ir investment with government initiatives like PM Awaas Yojana to promote low-cost housing and affordable loans. goal of Bharat Housing Network is to reduce cost of borrowing for home loan buyers.

This funding marks NABVENTURES' seventh investment of year, with plans to invest in at least two more startups by year-end. platform aims to achieve gross disbursements of USD 500 million in priority segment over next three years.

Bharat Housing Network operates under umbrella of Homeville, a techlogy company dedicated to building infrastructure and credit platforms for housing finance industry. fresh capital infusion will be utilised to expand affordable mortg assets on balance sheet and enhance techlogy platform. founders of Homeville, Lalit Menghani, Mhusudan Sharma, and Pras Ajinkya, bring over 17 years of experience in finance, techlogy, and real estate to venture.

NABVENTURES Fund, with assets under manment (AUM) of Rs 598 crore, focuses on venture growth equity investments in food, agritech, and rural fintech sectors. To date, fund has invested Rs 315 crore in 13 startups.