Spark Capital (“Spark”) acted as exclusive financial advisor to the Company for the transaction.

Spark is pleased to announce the successful closure of a USD 137 Mn equity round in Aptus Value Housing Finance India Limited (“Aptus” or the “Company”) from Westbridge Capital, Malabar Investments, the promoter, Steadview Capital and Sequoia Capital, through a combination of primary issuance and secondary sale of shares. The equity raise, which is the fourth round of external equity infusion into the Company, is testament to the superior execution and consistent profitability demonstrated by the business.

With this deal, Spark has successfully completed its fifth transaction in the affordable housing finance space with cumulative deal value of USD 500+ Mn, and continues to maintain its leadership position in the BFSI space having consummated 38 transactions aggregating to USD 2.5 Bn in value across various sub-segments within BFSI. The large fund raise further demonstrates our ability to back high conviction ideas and raise capital even in difficult macro environments for the right companies.

We are proud to be a part of this large equity round in Aptus and wish them the very best in the years to come.