Aham Housing Finance, a technology-led reasonably priced housing finance agency targeted on serving underserved and rising borrower segments throughout India, as we speak introduced that it has raised Rs 100 crore in a follow-on funding spherical led by The Sanmar Group.

The Chennai-based agency stated that the most recent capital will help its subsequent part of progress by strengthening its lending capability and accelerating enlargement throughout underserved housing markets.

It plans to make use of the funds to deepen its presence in current geographies, enter choose new markets, and proceed investing in expertise, underwriting and risk-management capabilities to higher serve self-employed and first-time homebuyers.

Venkatesh Kannappan, Founder & Managing Director, Aham Housing Finance, stated, “The reasonably priced housing story is usually mentioned when it comes to demand, however the true problem lies in serving clients whose aspirations are formal, however whose revenue profiles are largely casual. That’s the place we now have spent years constructing our experience. Our focus has by no means been progress at any price however making a housing finance establishment that may scale whereas remaining related to the realities of this buyer section. We’re delighted to welcome The Sanmar Group as a associate on this journey.”

“The Sanmar Group is delighted to announce this strategic funding in Aham. The corporate has constructed a powerful platform for reasonably priced dwelling financing, supported by an in a position group of professional threat managers and a agency basis in transparency and professionalism,” stated Vijay Sankar, Chairman, The Sanmar Group.