Sewa Grih RIN Limited
PrivateLast Round
Private Equity
May 20, 2024
Total Funding Raised
$110.69M
Company Overview
Sewa Grih RIN Limited, which operates under the brand name 'Sitara', is an affordable housing finance company based in India. Founded in 2011, the company's mission is to provide financial services to under-served and low-income households, with a special focus on advancing land and property rights for women in the informal sector. Sitara offers loans for house construction, extension, purchase, and renovation, typically ranging from INR 1 lakh to INR 30 lakh. It utilizes an innovative credit assessment model that considers alternative collateral and informal income sources, enabling access to formal financial services for individuals who might otherwise be excluded. The company operates through a network of branches across multiple states in India. In May 2024, private equity firm Arpwood Partners acquired a majority stake in the company.
Sector
FinTech
Verticals
Real Estate Finance, Lending & Credit, Credit Scoring, PropTech Services
Business Model
B2C
Customer Profile
Payment Processing Fee
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Sewa Grih RIN Limited Comps
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Sewa Grih RIN Limited Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Private Equity | May 20, 2024 | ||||
| Debt | Dec 14, 2023 | ||||
| VC Round | Jul 13, 2022 | ||||
| Series B | Mar 20, 2019 | ||||
| Seed | Apr 24, 2015 |
Key People
Founding team and executive leadership
Sewa Grih RIN Limited Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Nordic Microfinance Initiative | VC Round |
| Women's World Banking Asset Management | Private Equity |
| Abler Nordic | Private Equity |
| Acumen | Seed |
| Housing and Urban Development Corporation | Seed |
| National Housing Bank | Seed |
| Lok Capital | Seed |
Sewa Grih RIN Limited Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
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