Pune metropolis, India. Credit score: Avhad Raj, Shutterstock.
Pune-based reasonably priced house lender Altum Credo Residence Finance has secured 170 crores (roughly 18.7 million euros) in fairness funds from British Worldwide Funding (BII), the UK growth finance company and Affect Investor.
The announcement was made on August 25, 2025, and the 2 corporations spotlight the position of transactions in increasing credit score entry to low-income households in India.
BII helps growth into underserved housing markets
Based in 2016, Altum Credo provides long-term mortgages to low-income consumers with primarily casual or semi-formal revenue. The contemporary capital shall be used to increase operations in southern and western India, enhance know-how and IT infrastructure, and assist important companies corresponding to housing development and sanitation and electrical energy.
“By means of this contemporary inventory injection, we worth the continued assist and belief that has been proven by UK worldwide funding,” mentioned Vikrant Bhagwat, managing director and CEO of Altum Credo. Enterprise Requirements. “This funding additional strengthens our stability sheet for a long-term sustainable, impactful development journey and its dedication to meaningfully meet the massive, unmet demand for reasonably priced housing finance in India.”
Shilpakumar, Managing Director and Head of India, mentioned: “We proceed to take a position at Altum in partnership with BII’s dedication to inclusive development by increasing entry to reasonably priced housing funds for communities throughout India.
Monetary development and achievements
Altum Credo serves greater than 15,000 clients in six Indian states. For the fiscal yr ending March 2024, the corporate reported a 67% improve in working income, however its web revenue greater than doubled. Entrepreneur.
The corporate has raised practically $80 million (73.5 million EUR) in whole funding thus far, together with a $40 million (36.7 million EUR) spherical in April 2023 led by Z3Partners and Oikocredit.
India’s reasonably priced housing finance increase
Altum Credo’s newest funds arrive at a time when buyers are gaining curiosity within the sector. One other latest deal included Weaver Providers, which raises $170 million (EUR 156 million).
As Bii doubles its funding, India’s reasonably priced housing sector seems to be set for explosive development.
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