Vastu Housing Finance, an India-based diversified lending company, received a growth investment from TA Associates.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2015 and by Sandeep Menon and Sujay Patil, Vastu offers secured long-tenor mortgage products to self-employed customers in semi-urban and rural India through its proprietary technology platform. The company has a diversified liability franchise comprising of more than 40 lenders. In addition, Vastu has also set up a subsidiary (Vastu Finserve), which focuses on the small business loan and used vehicle finance segments. Vastu is present in more than 230 branch locations in 13 states.
FinSMEs
11/07/2024