$5 million in green bonds from Symbiotics, part of a $75 million basket programme structured with British International Investment. This is debt, repayable with interest, not an equity round.
For a lender, debt is raw material rather than dilution. The Series A built the company; this builds the loan book, and the rate it was borrowed at is what decides the margin.
Basket bonds pool several borrowers into one issuance so that smaller institutions can reach international markets, with a development finance institution anchoring the credit standing.
The ₹2,000 crore figure is credit the network enabled through co-lending, not loans BHN holds. A platform can arrange far more than its own balance sheet carries.
A company named for housing is now financing solar and EVs, which says the real asset was always the distribution to 40,000 low and middle-income borrowers rather than the mortgage product.
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