Aham Housing raises Rs 100 crore from Sanmar to expand into new markets
What's the deal? Chennai-based Aham Housing Finance has raised Rs 100 crore (≈$10.4 million) in a follow-on round led by The Sanmar GroupDealroom has a profile for this one. Try Dealroom →. The technology-led firm lends to underserved and emerging borrower segments across India.
What's the endgame? Aham plans to strengthen its lending capacity and accelerate expansion. The money will fund deeper presence in existing geographies, entry into select new markets, and investment in technology, underwriting, and risk-management capabilities.
Who's it for? The firm targets self-employed and first-time homebuyers — customers whose aspirations are formal but whose incomes are largely informal.
Founder and managing director Venkatesh Kannappan said the real challenge lies in serving those customers. "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," he said.
Why Sanmar? Vijay Sankar, chairman of The Sanmar Group, called it a "strategic investment," citing Aham's "strong platform for affordable home financing" and its "able team of expert risk managers."
The signal: The follow-on marks a step-up from Aham's previous round, a sign of investor confidence in affordable housing finance for India's informal-income borrowers — a segment traditional lenders often overlook.
Read more: Indian Startup News
Image credit: Generated with Gemini
