Chennai-based Aham Housing Finance, a leading player in the affordable housing finance sector, has raised INR 30 crore in a recent funding round led by Negen Capital. The company, known for its unique approach to serving the informal housing market, intends to utilize this infusion of capital to enhance its field operations and streamline its processes.
Aham Housing Finance, with a network of 20 branches, primarily caters to families in metro city outskirts and Tier II and III cities, offering loans ranging from INR 10 to 15 lakhs for self-constructed homes. What sets them apart is their commitment to providing financial solutions to individuals with limited credit histories but consistent payment behaviour, bridging a critical gap in the market.
The new capital injection comes as a significant boost for Aham Housing Finance, helping them further their mission of making affordable housing accessible to a broader section of the population. Their plans to strengthen the field network will enable them to reach more underserved communities and extend their services to those in need.
Furthermore, the company aims to streamline its operations through automation, ensuring a smoother and more efficient process for customers and staff. This enhancement will not only increase their capacity but also bolster their ability to assess and underwrite loans, contributing to their continued success in serving the affordable housing sector.
Aham Housing Finance’s success reflects the growing interest in the affordable housing finance sector. With Vridhi Home Finance recently securing INR 150 crore in a Series A round led by Elevation Capital, it’s clear that investors recognize the potential in this market and are eager to support companies making a difference in the lives of countless families.
The collaboration between Aham Housing Finance and Negen Capital marks a significant step toward achieving their shared vision of providing affordable housing solutions for those who need it the most. As they continue to expand their reach and improve their processes, more individuals and families in India will have the opportunity to realize their dream of owning a home, thanks to the innovative work of companies like Aham Housing Finance.
