Business & Finance
Business and Finance
Business and Finance
Tue, December 3, 2024
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Prosus invests $100 million in Vastu Housing Finance, acquires minority stake
- Multiples PE-backed housing finance company (HFC) Vastu Housing Financing Corporate Limited (Vastu) has raised $100 million from Dutch technology investor Prosus, the investor said in its half-yearly disclosure on December 2. "In October 2024 ...
The article from Moneycontrol reports that Prosus, a global consumer internet group and one of the largest technology investors in the world, has invested $100 million in Vastu Housing Finance, a company focused on providing affordable housing finance in India. This investment has resulted in Prosus acquiring a minority stake in Vastu. The funds are intended to help Vastu expand its operations and enhance its offerings in the affordable housing sector, which is seen as a high-growth area in India. The investment underscores Prosus's strategy to back companies that address significant market needs, particularly in emerging markets. Vastu Housing Finance aims to leverage this capital to increase its market penetration and support more low-income families in achieving homeownership.
Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/startup/prosus-invests-100-million-in-vastu-housing-finance-acquires-minority-stake-12880844.html ]
Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/startup/prosus-invests-100-million-in-vastu-housing-finance-acquires-minority-stake-12880844.html ]
