Bengaluru, Jan. 29 -- Vastu Housing Finance, which secured several rounds of funding last year, plans to deepen its presence in existing markets and enter new segments before it starts preparing for a public listing, co-founder Sandeep Menon told Mint in an interview.

"Going public is part of our journey in building a long-term institutional franchise. We want to do it patiently and in the right way," Menon said, without disclosing a timeline for the IPO.

The company has been backed by leading institutional investors and senior bankers, including large domestic funds. Vastu was seeded by Renuka Ramnath-led Multiples PE, along with Pramod Bhasin, Vikram Gandhi and Samir Bhatia. Other prominent shareholders include IFC, Prosus (Naspers), ...