Mortgage lender Shubham Housing Development Finance Company has raised US$112 million in a round led by LeapFrog Investments, Asian Development Bank, and existing investor Premji Invest.

Anagram Partners advised Leapfrog on the round.

The transaction team consisted of Shuva Mandal (Partner), Simone Reis (Partner) and Keegan Pavrey (Senior Associate).

The company intends to use the fresh infusion of capital to foster growth and develop a more expansive platform to provide housing finance to emerging consumers across India.

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