Aham Housing Finance Raises Rs 30 Crores in Funding
- ByStartupStory | November 2, 2023
Chennai-based affordable housing finance firm Aham Housing Finance has secured Rs 30 crore in a new funding round from Negen Capital. The company, which operates through 20 branches, intends to use the fresh capital to enhance its field network and streamline its operations throughout the organization.
Aham Housing Finance primarily offers loans ranging from Rs 10 to 15 lakh for self-constructed homes, catering to families with three to four members residing in the outskirts of metro cities and Tier II and III cities. Specializing in the informal market segment, the housing finance firm stands out by leveraging its proprietary underwriting tools to onboard customers with limited credit histories but consistent financial behavior.
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This development follows Vridhi Home Finance’s recent achievement, a tech-enabled brick-and-mortar housing finance company, which secured Rs 150 crore in a Series A funding round led by Elevation Capital.
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