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The homegrown investment fund A91 Partners is learnt to have put in $45 million, while the rest came in from existing investors such as Norwest Venture Partners.
Ummeed Housing Finance is said to have raised $70 million in funding, while Nivara Home Finance has garnered $10 million from Baring Private Equity India.
Agrawal told ET that he will continue to work with the fund in a "non-executive capacity for some time." His departure means only three partners will be left at the firm – Saleem Asaria, Vaidhehi Ravindran and Kartik Srivatsa.
This comes at a time when Saleem Asaria has also stepped back from daily operations, per sources who added that Raghav Rungta has already left Lightrock. Ashish Garg left in September 2022 to join a startup.
Gurugram-based Ummeed Housing Finance Pvt Ltd, which counts Morgan Stanley Private Equity Asia, Norwest Venture Partners, CX Partners and Lightrock (previously LGT Lightstone Aspada) as its investors, ......