Aham Housing Finance Secures Rs 100 Crore for Affordable Housing Solutions

Technology-focused affordable housing finance company Aham Housing Finance has successfully raised Rs 100 crore in a follow-on funding round, primarily led by The Sanmar Group. Participation also came from current investors, such as Negen Capital, which is among the company’s early institutional supporters.

This new funding will enhance the lending capacity of Aham Housing Finance, enabling the company to broaden its reach in underserved housing markets, solidify its presence in existing areas, penetrate select new markets, and continue its commitment to technology investment, according to a company press release.

Aham Housing Finance’s Vision for Affordable Housing

Under the leadership of Venkatesh Kannappan, Aham Housing Finance is dedicated to offering affordable home loans to underserved and emerging borrower segments throughout India. The company employs a data-driven approach to underwriting, localized distribution channels, and robust risk management practices, targeting self-employed individuals and first-time homebuyers who are frequently overlooked by conventional lenders.

Performance and Growth Metrics

Aham Housing Finance reports impressive growth across its key operational metrics in recent years, all while adhering to a careful risk management framework. The firm remains committed to advancing financial inclusion via responsible lending practices.