Funding · Financial Services
Bharat Housing Network raises $5 million in green bonds
By Startup Enthusiast ·

- Date
- Company
- Bharat Housing Network
- What it does
- Secured lending network
- Kind
- Funding
- Amount
- $5M
- Stage
- Green bonds
- Founded
- 2021
- Sector
- Financial Services
What they do
Bharat Housing Network runs a technology platform that helps lenders give secured loans for homes, clean energy, mobility and gold
What happened
Symbiotics put $5 million into its green bonds, part of a $75 million programme built with British International Investment
Why it matters
The money will fund rooftop solar, electric vehicles and clean-tech small businesses through its lending arm, Singularity Creditworld
The details
- Bharat Housing Network (BHN) raised $5 million, about ₹47 crore, through green bonds.
- Symbiotics bought the bonds.
- They sit within a $75 million green basket bond set up with British International Investment.
- The money flows through BHN's lending company, Singularity Creditworld.
- It will finance rooftop solar, electric vehicles and clean-tech small businesses.
The bigger picture
- BHN says it has helped deliver about ₹2,000 crore of credit to over 40,000 borrowers.
- It has financed 7,162 kW of rooftop solar and more than 800 electric vehicles.
- It aims for up to $25 million in green bonds by the end of next financial year.
About the business
- It runs a co-lending platform (lenders pooling money on one home loan) for affordable housing in India.
- Its customers are housing finance companies and other lenders that want to give home loans to lower-income buyers.
- It supplies capital, technology and infrastructure so partner lenders can make loans faster and with less effort.
- It has signed up 23 financial institutions and targets $500 million of loans through the platform in three years.
- It is run by Homeville Consulting Private Limited and works across India.
What happens next
- BHN plans up to $25 million of green bonds by the end of next financial year.
The deal
- Type
- green bonds
Investors
- Symbiotics (lead) — Impact investor that structured the green basket bond.
- NABVENTURES (existing) — Led the ₹125 crore Series A.
Founders
- Lalit Menghani
- Madhusudan Sharma
- Prasad Ajinkya
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