Private equity firms collectively commit $118 million in funding for Shubham Housing
**Headline:** British International Investment, Asian Development Bank, and Others Back Shubham Housing's Growth in Affordable Housing Finance
In a significant development, British International Investment (BII) has joined forces with Multiples Private Equity and the Asian Development Bank to invest in Shubham Housing Development Finance Company Ltd. This recent funding round, led by Multiples PE, raised approximately USD 120 million.
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Founded in 2011 and based in Gurugram, Shubham Housing is an affordable housing finance lender focused on providing home loans to lower-income families and emerging consumers across India. The company has gained a strong reputation for its focus on asset quality and expertise in micro markets.
The investment, which comprises a primary issuance of Rs 400 crore and a secondary purchase from early investors, will help Shubham Housing expand its product offerings and increase its geographic footprint. The company, which currently operates across 12 states through over 160 branches, aims to increase its assets under management to Rs 6,500 crore by the end of the current financial year from its current Rs 4,553 crore as on June 30.
The funding round was led by Renuka Ramnath-led Multiples PE, who will hold a significant minority stake in Shubham Housing after the investment. Other investors in Shubham Housing include Helion Ventures, LeapFrog, and Motilal Oswal Alternates.
Nithya Easwaran from Multiples PE will join the board of Shubham Housing. Avendus acted as the exclusive financial advisor to Shubham Housing and its shareholders on the transaction.
Shubham Housing's assets under management have grown at a compound annual growth rate of 28% in the last five years. The company, which has been operational for around 13 years and was founded by Sanjay Chaturvedi and Rupa Basu, announced the investment less than two months after it was reported that the company was planning to bring a new investor on board.
The investment in Shubham Housing marks BII's continued support for affordable housing finance in India. This funding will help the company scale its operations and deepen financial inclusion by serving underserved segments with affordable home loan products.
[1] Source: Company Press Release, June 2025
- The investment by British International Investment, Multiples Private Equity, and the Asian Development Bank into Shubham Housing demonstrates their collective interest in financing businesses that focus on affordable housing, which is a crucial aspect of technology-driven business strategy in today's market.
- This partnership between Shubham Housing and its investors signifies a significant step in the realm of business and technology, as the funds raised will be channeled towards expanding product offerings and increasing the company's geographic footprint in the competitive field of investing in affordable housing finance.
