Premji Invest leads Rs 3.05 billion investment in Shubham Housing

Premji Invest has taken the lead in investing Rs 3.05 billion in Shubham Housing Development Finance Company. The other investors that participated in the series D round investments are the company’s existing investors including Helion Venture Partners and Elevar Equity.

ACCION’s Frontier Investment Group and Saama Capital have exited from the company.

Shubham, along with PE investors, has raised a debt of more than Rs 8 billion from a number of domestic and international players. 

Shubham is poised to grow its loan book from Rs 10 billion to more than Rs 60 billion in the next five years, said Sanjay Chaturvedi, chief executive