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Incofin India Progress Fund Invests $4.3 Million in Varashakti Housing Finance
Source: Times of India
The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021, to support entrepreneurs with growth equity capital. Financial inclusion is one of the two main focus points of the impact fund.
Aditya Bhandari, partner and regional director, Asia Equity, Incofin, said, "We see a large opportunity in the rural Indian affordable housing finance industry and believe that Varashakti Housing Finance's experienced team coupled with a strong technology platform will realize success while achieving deep impact goals."
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