Prosus invests $100M in Vastu Housing Finance Corp Ltd.
Prosus Makes Strategic Investment in Housing finance firm Vastu
Vastu Housing Finance Corp Ltd. is achieving great heights in the Indian housing finance industry. Prosus is a global investment powerhouse. The company has recently made a significant investment in Vastu. Prosus has invested around $100M in Vastu Housing Finance Corp Ltd. The investment firm has shown their belief in the company’s potential and the burgeoning Indian housing market.
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In October 2024, Prosus invested approximately $100 million to acquire an 8.4% effective stake (7.8% fully diluted) in Vastu. This move shows that both the firms will be doing huge to tap into India’s rapidly growing financial technology sector.
Now the question comes is what makes Vastu so attractive to global investors. As you know that there is a growing demand of Vastu in Housing in India. The company has been expanding its operations strategically throughout India. Vastu Housing Finance Corp Ltd. has a network of over 230 branches across 13 states. India is experiencing rapid urbanisation at the moment. Brands are reaching small towns and kasbas in India. Thus, vastu is well-positioned to cater to the increasing demand for housing finance solutions. This extensive reach helps the company to connect with far larger customer base than a lot of other competitors. Hence, this solidifies the presence of Vastu Housing Finance Corp Ltd. in the market.
Track record of Vastu Housing Finance Corp Ltd.
The company has a track record of attracting significant investments from prominent players in the financial world. In July 2024, Vastu secured a funding round from TA, a globally renowned private equity firm. Before this, they successfully raised $30 million through a secondary sale involving funds managed by some shareholders. Hence, the company clearly demonstrates the strong confidence and trust after the recent capital infusion from Prosus. The investors have shown trust in Vastu’s robust business model and promising future prospects.
Prosus is strategically positioning itself within the dynamic Indian fintech landscape. In addition to their investment in Vastu, Prosus acquired a 10.65% stake in Mintifi in October 2024. This parallel investment further highlights Prosus’s commitment to capitalizing on the immense growth potential of the Indian financial technology sector.
Vastu: A Company to watch
Vastu Housing Finance Corp Ltd. is a company to watch in the Indian financial market. After being backed by industry giants like Prosus, Vastu is on a path of strong growth and expansion. This is very crucial for Indian citizens if they get an affordable housing finance. The importance of the work of startup has increased as the population is growing and urbanization is increasing.
Existing Investments of Prosus
Prosus is making smart investments in companies like Vastu and Mintifi. Its existing businesses, like PayU India, are also performing well. This creates a bright outlook for Prosus in India. As the economy is growing and digital financial services are become more popular. Hence, Prosus is ready to benefit and strengthen its position as a top player in the market.
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