NEW DELHI: Shubham Housing Development Finance, a provider of affordable housing finance, has secured USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and other stakeholders, including Creador.
The investment strengthens Shubham’s future growth by establishing a robust shareholder base, combining global impact investors with leading regional private equity firms, and facilitating an exit for early investors, as stated in a joint announcement on Thursday.
Over the past year, the company has seen significant growth, with assets under management nearing Rs 7,500 crore as of December 2025. This growth has been fueled by strong demand for affordable housing finance among India’s emerging middle class.
Shubham currently operates 200 branches across 12 states and continues to expand its presence to meet the increasing demand.
The company addresses a critical gap in access to formal housing finance, enabling families without traditional income documentation or credit history to become first-time homeowners.
