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Vastu Housing Finance is a housing finance company working to enable millions of Indians to fulfil their dreams of owning a bigger, better and a new home.
Vastu was set up in 2015 by Sandeep Menon and Sujay Patil, backed by funds managed by Multiples Alternate Asset Management (Multiples) and senior industry leaders from the BFSI sector. Vastu is a digitally enabled retail affordable housing finance company. with a pan-India presence. Vastu has also set up a non-banking finance company (NBFC) – Vastu Finserve, for vehicle and MSME financing to become a diversified consumer lender serving all credit needs of middle and aspiring India. Vastu is majority-owned by funds managed by Multiples Alternate Asset Management. As on July 2021, they have financially included over 22000 customers having a monthly income of USD 600, most of whom who don’t have formal access to credit from financial institutions in India due to lack of documented income.
Legal Name
:
Vastu Housing Finance Corporation Ltd.
Headquarters
:
Mumbai, Maharashtra , India
Founding Date
:
2015
No. of Employees
:
1000+
Core Team
:
1.
Maha Iyer
Chief Financial Officer
2.
Sujay Patil
Co-Founder & Head of Strategy
3.
Sandeep Menon
Co-Founder & MD
Total Funding
$200.0M
Investors
:
1.
Multiples Alternate Asset Management Pvt Ltd
2.
Creation Investments
3.
Norwest Venture Partners
4.
IIFL Asset Management Limited
See More
$200M
Series Name
:
SERIES-C
Date
:
2nd Nov 2021
Investors
:
1.
Creation Investments
2.
Norwest Venture Partners
3.
IIFL Asset Management Limited
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