India affordable housing player raises $112m
Indian lower-income mortgage lender Shubham has raised USD 112m led by British International Investment (BII). It facilitates exits for Elevar Equity and Motilal Oswal Private Equity (MOPE).
BII, formerly CDC Group, was joined by impact investor LeapFrog Investments, Asian Development Bank (ADB), and Premji Invest, the family office of Wipro Group chairman Azim Premji. Together, they are investing...
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