Vertices, Trilegal act on Sitara raising US$ 20 million

The transaction was a mix of primary and secondary investment

Sitara (Sewa Grih Rin) has raised US$ 20 million in its Series D round of funding led by Nordic Microfinance Initiative (NMI) and Women’s World Banking Asset Management (WAM) along with participation from existing investors as well.

Vertices Partners advised NMI led by Associate Partner Vikrant Anand. Founder & Managing Partner Vinayak Burman provided strategic inputs.

Trilegal advised Sewa Grih Rin led by Partner Vaibhav Kothari along with Counsel Hema Priyadarshini Patnaik.

Sitara started its operations in 2015 as an affordable housing finance company for under-served and low-income households in urban and peri-urban locations, with a special focus on advancing the land rights of women in the informal sector

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