Home First Finance raises Series C funding | Home First Finace Company

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HomeFirst Finance raises Series C funding

Flashback – The year 2010. A brave young company rode into the wild & exciting arena of Housing Finance. The big boys were all there, and it was a little scary for the rookie. Bessemer Venture Partners gave us the firepower in our Series A funding. New ammo and a lot of grit helped us kick up a storm.

Present day – Meet the 7-year-old HomeFirst Finance Company. 15,000+ happy customers. 1000+ Cr AUM. Business growth at 50%+ CAGR since inception. With a strong presence in the affordable housing finance segment in the country, we certainly have found our “sweet spot”!

The PE Firm, True North has taken a majority stake in Home First Finance Company India Pvt. Ltd (HomeFirst) for about $100 million (Rs 667 crore). True North has a great reputation for investing in mid-sized entities and nurturing them into industry leaders. Our unique culture and way of doing business in a very transparent and socially responsible manner resonated well with them.

We would be using the money to expand to new regions and reach out to more customers in Tier II & Tier III cities. We want to continue our bias towards using technology to create innovative products and processes for the housing finance customers in India.

About Manoj Viswanathan

Managing Director and the Chief Executive Officer at Home First Finance Company India Ltd.

Managing Director and the Chief Executive Officer at Home First Finance Company India Ltd.