New Delhi, March 19 Shubham Housing Development Finance, a provider of affordable housing finance, has raised USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and others, including Creador.
The transaction strengthens Shubham's future growth with a strong shareholder base, bringing together global impact investors and leading regional private equity firms, while providing an exit for early investors, a joint statement said on Thursday.
Over the past year, the company has continued to grow rapidly, with assets under management reaching approximately Rs 7,500 crore as of December 2025, supported by strong demand for affordable housing finance across India's emerging middle class, it said.
Shubham currently operates 200 branches across 12 states and is continuing to expand its presence to meet growing demand, it said.
The company addresses a significant gap in access to formal housing finance, enabling families without traditional income documentation or credit history to become first-time homeowners, it added.