Bharat Housing Network, a technology platform for co-lending in affordable housing, has raised 125 crores led by NABVENTURES Fund with participation by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nueva and other investors. 

The platform provides capital, technology, and infrastructure to housing finance companies and non-banking finance companies for housing credit delivery at the grassroots level.     

The platform’s integrated technology stack provides a complete co-lending solution to lenders for the affordable housing finance segment. Partners on the platform are able to co-lend with faster turnaround times and greater efficiency. Bharat Housing Network has onboarded 23 financial institutions and leverages a partner branch network to deliver capital in 200 locations across 12 states. Since its inception in 2021, the platform has grown multi-fold while maintaining a high-class asset quality with near zero delinquencies.  

Rajesh Ranjan, CEO of NABVENTURES Fund said, “Rapid urbanisation has led to an unprecedented increase in the demand for affordable housing. However, the shortage of affordable housing has affected millions around the world, particularly those with low and moderate incomes. Our investment in Bharat Housing Network builds on the stellar efforts of PM Awaas Yojana and other government initiatives to encourage low-cost housing and affordable loans for the same. Bharat Housing Network endeavours to bring down the cost of borrowing for home loan buyers in Bharat’s hinterlands. Bharat Housing Network is our seventh investment this year and we intend to invest in at least 9 start-ups by the year-end.” 

Lalit Menghani, founder added, “India needs a very strong housing sector to become a developed economy. Housing finance is at the core of our business model and we continue to innovate to make housing credit more accessible and affordable across income groups” 

Equity360 was the financial advisor to the company on the transaction. 

The platform is a platform owned by Homeville Consulting. Homeville is a technology company building infrastructure and credit platforms for the housing finance industry. The company will deploy the fresh proceeds to grow the affordable mortgage assets on the balance sheet and strengthen the technology platform.