Low-cost home financer SEWA Grih Rin raises Rs 67 cr from Omidyar, others

The firm started operations in 2015 as an affordable housing finance company with a special focus on advancing land rights of women in the informal sector

SEWA Grih Rin Limited (branded as Sitara), an affordable housing finance company of the Self-Employed Women's Association (SEWA) Group, has raised Series-B funding of Rs 67 crore from Oikocredit, Omidyar Network India, HDFC Life Insurance, HDFC Holdings and Women’s World Banking. Intellecap was the exclusive financial advisor for the transaction.

SEWA Grih Rin Ltd is promoted by SEWA Mutual Benefit Trust. RNT Associates (RNTA), is one of the early investors and has further strengthened the company’s path towards sustainable growth. The company had a loan book of Rs 221 crore as of February 28, 2019 and a customer base of over