Vitruvian Partners completed the acquisition of a minority stake in Hiranandani Financial Services from House of Hiranandani for INR8bn.

Vitruvian Partners, a European private equity firm, completed the acquisition of a minority stake in Hiranandani Financial Services, a credit solutions company, from House of Hiranandani, a real estate construction company, for INR8bn. “We already have a strong promoter in House of Hiranandani and are excited to now have a global investment firm like Vitruvian Partners backing us. The credit gap in micro and small enterprises is large, and this fundraise will help us accelerate our journey and expand our reach to support more small businesses in their growth,” Uday Suvarna, Hiranandani Financial Services CEO.