Vastu Housing Finance raises $200 million from a consortium of investors

With this investment, Vastu will further scale operations in existing locations, explore new markets and invest in next-generation technology platforms

Vastu Housing Finance Corporation (Vastu) has raised about $200 million from a consortium led by Norwest Venture Partners, Creation Investments and IIFL Asset Management to fund business expansion plans.

The transaction has two components involving primary equity infusion of about $125 million and balance is secondary sale by current investors. This transaction is the largest private equity growth investment in the affordable housing segment in India, till date, the company said in a late night statement.

Sandeep Menon, Founder, MD & CEO, Vastu said with this investment, Vastu will further consolidate operations in 13 states. It will build products to provide easy,