“Kolkata-based Aashiyaan Housing & Development Finance Pvt. Ltd, which is yet to start housing finance for low-income families, said it has raised around $2 million (Rs 13.5 crore) in a seed round led by foreign social-impact investors Insitor and The Netherlands-based Oikocredit. The firm, yet to apply for a housing finance firm licence, was set up by Shubhankar Sengupta in 2016, who is founder and former CEO of Arohan Financial Services, a microfinance institution,” reported VCCircle.

Rajani Associates advised Oikocredit Ecumenical Development Co-Operative Society U.A. led by a team of managing partner Prem Rajani, partner Poorvi Sanjanwala, principal associate Swati Rout and associate Nishtha Mehta.

2018-03-01

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