Bharat Housing Network Raises $5M Green Bond Funding

In a significant move for sustainable finance in India, Bharat Housing Network has successfully raised $5 million through green bonds. This capital infusion is part of a larger $75 million green basket bond program, a joint initiative between Symbiotics and British International Investment. The funds are earmarked for deployment through the group's non-banking financial company, Singularity Creditworld, specifically targeting loans for rooftop solar installations, electric vehicles, and clean technology adoption by small and medium-sized enterprises.

Founded by Lalit Menghani, Madhusudan Sharma, and Prasad Ajinkya, Bharat Housing Network operates a sophisticated secured lending platform. Its technology empowers lenders to facilitate a range of loan products, including home, clean energy, vehicle, and gold loans. The company reports a substantial track record, having enabled approximately INR 2,000 crore in credit for over 40,000 individuals. Prior to this green bond issuance, the company had secured INR 125 crore in a Series A funding round led by NABVENTURES.

The broader Indian market is witnessing a growing appetite for green financing, aligning with national and global sustainability goals. The cleantech and renewable energy sectors in India are projected for robust growth, driven by government incentives and increasing corporate ESG commitments. This $5 million from Bharat Housing Network underscores the increasing availability of specialized financial instruments designed to channel capital into environmentally beneficial projects, supporting the transition to a greener economy.

In parallel, the home décor sector saw investment activity as FIG Living, a design-focused brand, secured an undisclosed sum from Aman Gupta, the co-founder of boAt, via his investment vehicle SailThru Ventures. FIG Living intends to leverage this capital to expand its distribution networks, enhance its physical retail presence, and forge international design collaborations. The company, established by former boAt executive Sushant Sharma, specializes in lamps, side tables, and tabletop items produced in-house. With an annual revenue run rate of approximately INR 12 crore and a customer base exceeding 40,000, FIG Living is positioned for further expansion.

Beyond these funding rounds, significant corporate developments are reshaping the Indian business environment. ITC has finalized its complete acquisition of Sproutlife Foods, the parent entity of the nutrition brand Yoga Bar. ITC now holds 100% ownership after acquiring the remaining 52.5% stake for approximately INR 645 crore. Yoga Bar, which has seen its turnover climb to INR 452 crore in FY26 from INR 200 crore in FY25, represents a strategic expansion for ITC into the rapidly growing health and wellness food segment.

Furthermore, the quick-service restaurant sector is preparing for a major public offering, as EverBrands India, the operator of Subway restaurants in the country, has submitted draft papers for an IPO. The company aims to raise up to INR 600 crore through a fresh issue to fund debt repayment and the expansion of company-owned Subway outlets. EverBrands India currently manages a substantial network of 678 company-owned and 330 franchise-operated Subway locations, alongside its Lavazza and F&H coffee businesses. This move signals confidence in the Indian consumer market's resilience and growth potential, despite a reported net loss of INR 58.19 crore in FY26 on revenues of INR 966.17 crore.