Aham Housing Finance Raises ₹100 Crore from The Sanmar Group to Accelerate Affordable Housing Growth
Funding to support expansion across underserved housing markets, building on the confidence of investors
Aham Housing Finance, a technology-led affordable housing finance company focused on serving underserved and emerging borrower segments across India, has raised ₹100 crore in a follow-on funding round led by The Sanmar Group.
The fresh capital will support Aham Housing Finance's next phase of growth by strengthening its lending capacity and accelerating expansion across underserved housing markets. The company plans to use the funds to deepen its presence in existing geographies, enter select new markets, and continue investing in technology, underwriting and risk-management capabilities to better serve self-employed and first-time homebuyers.
The latest investment marks another milestone in Aham's growth journey. Existing investors, including Negen Capital, which was among the company's early institutional backers, continue to remain associated with the company.
Commenting on the fundraise, Mr. Venkatesh Kannappan, Founder & Managing Director, Aham Housing Finance, said: "The affordable housing story is often discussed in terms of demand, but the real challenge lies in serving customers whose aspirations are formal, but whose income profiles are largely informal. That is where we have spent years building our expertise. Our focus has never been growth at any cost but creating a housing finance institution that can scale while remaining relevant to the realities of this customer segment. We are delighted to welcome The Sanmar Group as a partner in this journey. Their investment is a strong endorsement of the work our team has put in over the years and builds on the confidence placed in us by our existing investors. We are grateful for the trust our shareholders have reposed in us at different stages of our growth. This capital will enable us to deepen our presence in existing markets, expand selectively into new geographies, and continue investing in the capabilities needed to serve our customers better. "
Commenting on the investment, Mr. Vijay Sankar, Chairman, The Sanmar Group, said: “The Sanmar Group is delighted to announce this strategic investment in Aham. The company has built a strong platform for affordable home financing, supported by an able team of expert risk managers and a firm foundation in transparency and professionalism. The Sanmar Group wishes the Aham team enduring success in enabling members of the underserved sections of society become homeowners.”
Over the past few years, Aham Housing Finance has demonstrated strong growth across key operating metrics while maintaining a prudent risk management framework. The company remains focused on driving financial inclusion through responsible lending and creating long-term value for customers, employees, and shareholders.
