Vastu Housing Finance Corporation Ltd. Asset Profile

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Year established

2015

Location

Mumbai Maharashtra India

Primary Industry

Financial Services

About

Based in Maharashtra, India, and founded in 2015 by its CEO Sandeep Menon and co-founder Sujay Patil, Vastu Housing Finance Corporation Ltd. operates as a financial services company that provides home loans for self-employed customers. In October 2021, Vastu Housing Finance Corporation Ltd. raised USD 200 million in series C funding led by Creation Investments Capital Management and Norwest Venture Partners, with IIFL Asset Management. As of November 2021, the company is operating in 13 states with 89 branches and employed over 1400 people. The company has served 22000 customers as of 2021. Vastu Housing Finance Corporation Ltd. provides home loans and nonhome loans. Home loans include a loan for the purchase of a new home or the resale of an existing home with a maximum loan amount of 50 lacs and a maximum loan term of 240 months. Plot + construction loan product is designed for the acquisition of plots and residential buildings. Home Extension Loans are available for the purpose of adding additional living areas to the existing homes. A construction loan is a loan used to build a dwelling. Loans against property and commercial property loans are included in non-home loans. Vastu Housing Finance Corporation Ltd. will use series C funding to combine operations in 13 states and expand the company's product line.

Current Investors

TA Associates, International Finance Corporation, Prosus Ventures

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Primary Industry

Financial Services

Sub Industries

Consumer Finance, Credit Collections & Services, e-Financial, Mortgage Banking, Accounting/Finance Software

Website

www.vastuhfc.com

Verticals

FinTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Deals

Deals Type
Buyout
Growth

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Vastu Housing Finance Corporation Ltd.	17 Sep 2024
Completed	Vastu Housing Finance Corporation Ltd.	11 Jul 2024

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