Oikocredit, others invest in housing finance company SEWA Grih Rin

SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Network India, HDFC Life Insurance, HDFC Holdings Ltd and Women’s World Banking. The company will be using the funds to strengthen its position in existing geographies as well as to expand strategically to other states. SEWA Grih Rin is promoted by a SEWA Mutual Benefit…

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