News Column

Shubham Housing Secures Investment From Motilal Oswal, Others

August 21, 2014

@Shubham_HousingPrivate Limited has raised a capital of INR 1,220 Mn from Motilal Oswal Private Equity and its existing investors Helion Venture Partners, Elevar Equity, Accion Frontier and Saama Capital.

Spark Capital was the sell side advisor.

Shubam which started operations in 2011 is an HFC focused on offering housing finance and related products to customers who are largely self employed or salaried but not employed in the formal sector.

The Company, headquartered in Gurgaon has a customer base of more than 4,500 families and an asset book of c.INR 2,350 Mn with presence spread across 12 states largely in North, West & Central India.

The company is promoted by Sanjay Chaturvedi and Ajay Oak . Four private equity funds namely - Helion Ventures Partner, Elever Equity, Accion Frontier and Saama Capital had invested close to about INR 520 Mn in the company in the form ofcompulsorily convertible preference shares (CCPS). These investors hold majority of the holding in the company.

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Source: DealCurry (India)

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