Bharat Housing Network, a housing co-lending technology platform, has bagged Rs 125 crore in Series A round led by NABVENTURES Fund. The investment, co-led by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures and DMI Sparkle Fund, was advised by Equity360.
The fund said it plans to support nine more startups by the end of the year.
Established in 2021, Bhart Housing Network is a platform that provides capital, technology and infrastructure to housing finance and non-banking finance companies for housing credit delivery at the grassroots level.
It aims to build network and infrastructure sharing platforms for co-lending in impact sectors. The platform focuses on delivering housing credit to tier II, III and other cities, contributing to 13 UN Sustainable Development Goals.
NABVENTURES, a venture growth equity fund, has invested in 13 startups, including Vilcart, Beyond Snack, Jai Kisan and Bharat Housing Network. It is backed by the National Bank for Agriculture and Rural Development and has LPs from various banks.