Altum Credo to raise INR 100Cr in Series C funding to expand affordable housing loans in India

Altum Credo, a Pune-based housing finance company focused on providing affordable home loans to underserved segments, is raising ₹100 crore as part of its ongoing Series C round. The fresh investment is being led by British International Investment (BII), an existing investor in the company. This follows Altum Credo’s earlier Series C round in April 2023, where it secured $40 million, $27 million in primary capital and $13 million in secondary transactions, offering partial exits to early backers. As per regulatory filings accessed from the Registrar of Companies (RoC), the board has approved the issuance of 57,80,347 Series C1 Compulsorily Convertible Preference Shares (CCPS) at ₹173 each to raise the new funds. Founded in 2017, Altum Credo focuses on bridging the credit gap in India’s low- and middleincome housing sector. The company plans to use the latest capital infusion to expand its lending operations, deepen its presence in more geographies, and serve more aspiring homeowners across the country.