Varashakti, led by a woman entrepreneur, is a rural focused affordable housing finance company targeting the low-income group. It supports the borrowers by financing climate resilient houses in the Southern states of India and follows a phygital strategy by having physical branches combined with a robust digital platform enhancing operational efficiency.
In the media:
- Business Line, 24 Jul 2023: https://www.thehindubusinessline.com/money-and-banking/varashakti-housing-finance-raises-35-crore-from-impact-investor-incofin/article67115452.ece
- MicroCapital, 4 Aug 2023: https://www.microcapital.org/microcapital-brief-incofin-places-4-3m-in-equity-in-varashakti-housing-finance-via-india-progress-fund/
- StartupStory, 25 Jul 2023: https://startupstorymedia.com/insights-varashakti-housing-finance-secures-%E2%82%B935-crore-funding-from-incofin/
- Women Entrepreneur India, 25 Jul 2023: https://www.womenentrepreneurindia.com/news/sahaana-sankar-led-incofin-boosts-rural-affordable-housing-finance-in-india-with-inr-35-crore-investment-nwid-3726.html