{"id":520,"date":"2017-11-18T12:06:51","date_gmt":"2017-11-18T06:36:51","guid":{"rendered":"https:\/\/homefirstindia.com\/?p=520"},"modified":"2024-05-22T08:06:28","modified_gmt":"2024-05-22T08:06:28","slug":"homefirst-raises-series-c-funding","status":"publish","type":"post","link":"https:\/\/homefirstindia.com\/mr\/blog\/homefirst-raises-series-c-funding\/","title":{"rendered":"HomeFirst Finance raises Series C funding"},"content":{"rendered":"<p>Flashback &#8211; The year 2010. A brave young company rode into the wild &amp; exciting arena of Housing Finance. The big boys were all there, and it was a little scary for the rookie. <a href=\"https:\/\/www.bvp.com\/\">Bessemer Venture Partners<\/a> gave us the firepower\u00a0in our Series A funding. New ammo\u00a0and a lot\u00a0of grit helped us kick up a storm.<\/p>\n<p>Present day &#8211; 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 \u201csweet spot\u201d!<\/p>\n<p>The PE Firm, <a href=\"https:\/\/truenorth.co.in\/\">True North<\/a> has taken a majority stake in Home First Finance Company India Pvt. Ltd (<a href=\"https:\/\/homefirstindia.com\/\">HomeFirst<\/a>) 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.\u00a0Our unique culture and way of doing business in a very transparent and socially responsible manner resonated well with them.<\/p>\n<p>We would be using the money to expand to new regions and reach out to more customers in Tier II &amp; 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.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-599 alignleft\" src=\"https:\/\/homefirstindia.com\/app\/uploads\/2017\/11\/True-North-Logo-01-300x132.jpg\" alt=\"\" width=\"261\" height=\"115\" \/><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-597 alignnone\" src=\"https:\/\/homefirstindia.com\/app\/uploads\/2017\/11\/emp.-meet-logo-300x168.png\" alt=\"\" width=\"233\" height=\"130\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flashback &#8211; The year 2010. A brave young company rode into the wild &amp; 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\u00a0in our Series A funding. New ammo\u00a0and a lot\u00a0of grit helped us kick up a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5110,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9,3,4,5,7],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home First Finance raises Series C funding | Home First Finace Company<\/title>\n<meta name=\"description\" content=\"With a strong presence in the affordable housing finance segment in the country, we at HomeFirst certainly have found our \u201csweet spot\u201d!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homefirstindia.com\/kn\/blog\/homefirst-raises-series-c-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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