Bharat Housing Network has successfully secured Rs 125 crores in Series A funding. This funding round is led by NABVENTURES Fund, a prominent venture capital fund specializing in agri-food-rural tech and supported by institutions like NABARD, SIDBI, Axis Bank, LIC, and others. Several other investors, including Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nueva, and more, have also participated in this investment. NABVENTURES Fund, known for its outstanding performance in the agri-food-rural tech sector, is taking the lead in this funding round. This marks their seventh investment announcement in the first ten months of 2023.

Bharat Housing Network is a prominent technology platform focused on co-lending in the affordable housing segment. It is India's largest co-lending infrastructure for delivering credit in the affordable housing sector. The platform utilizes a hybrid capital model to facilitate housing finance companies and non-banking finance companies in providing housing credit at the grassroots level.

The housing finance sector in India offers substantial growth prospects due to the country's increasing population, rising household incomes, and a growing demand for housing. With its primary focus on expanding India's largest co-lending network, Bharat Housing has set a goal to achieve $500 million in gross disbursements over the next three years. Additionally, the platform is actively enhancing its technological capabilities, introducing features such as voice messaging and stickers. The platform aims to provide a comprehensive co-lending solution through its integrated technology, resulting in quicker processing times and improved efficiency for partner institutions. With 23 financial institutions already on board, the platform leverages partner branch networks across 200 locations in 12 states.

Rajesh Ranjan, the CEO of NABVENTURES Fund, underscores the importance of affordable housing in the context of rapid urbanization. This aligns with government initiatives that emphasize the need for affordable housing and credit accessibility for low and middle-income individuals. He mentions that the investment in Bharat Housing Network aligns with the government's efforts, such as PM Awaas Yojana, to promote low-cost housing and affordable loans. Bharat Housing Network's goal is to reduce borrowing costs for homebuyers in rural India. This investment represents the seventh for the NABVENTURES Fund in the current year, and they plan to invest in at least nine startups by the end of the year.