The Aham Housing Finance funding Growth Round of ₹100 crore (~$10.5 million) closed with The Sanmar Group as lead investor, as publicly reported on 2026-07-30. The Chennai-headquartered, technology-led affordable housing finance company serves underserved and emerging borrower segments across India. Existing early institutional backer Negen Capital also participated in the round.
Quick Highlights
- Founder: Venkatesh Kannappan, Founder & Managing Director
- Lead Investor: The Sanmar Group
- Participating Investor: Negen Capital (existing early institutional backer)
- Investor Background: The Sanmar Group is a diversified industrial conglomerate with interests across chemicals, speciality chemicals, shipping, engineering, and foundry businesses spanning over six decades, with a presence in India, Egypt, Singapore, Mexico, and the United States
- Headquarters: Chennai, Tamil Nadu
- Announcement Date: 30 July 2026
Funding Breakdown
Use of Funds
Aham Housing Finance will deploy the fresh capital to strengthen its lending capacity and accelerate expansion across underserved housing markets. The company will deepen its footprint in existing geographies, enter select new markets, and continue investing in technology, underwriting, and risk-management capabilities to better serve self-employed and first-time homebuyers. The company focuses on small-ticket home loans, with technology performing the majority of underwriting tasks.
Funding Timeline
As publicly reported, Aham Housing Finance previously raised ₹30 crore from Negen Capital in November 2023, marking its first institutional round. The current ₹100 crore Growth Round represents a significant step up, with The Sanmar Group leading as a new strategic investor while Negen Capital continues its association with the company.
Expansion Plans
The company plans to enter select new markets beyond its existing geographies, targeting regions where access to formal home loans remains limited. Aham Housing Finance will also prioritise upgrades to its digital infrastructure, enhancing its underwriting processes and risk-management systems — capabilities it considers critical to maintaining healthy asset quality while scaling its affordable housing loan book.
Significance
This round signals growing institutional confidence in the affordable housing finance segment, particularly in firms that use technology to underwrite informal-income borrowers who are typically overlooked by traditional lenders. Aham Housing Finance’s assets under management grew 36% year-on-year to ₹118 crore as of March 2025, and climbed a further 25% to reach ₹148 crore by December 2025 — a trajectory that validates the company’s data-driven, risk-focused model. The Sanmar Group’s entry into specialised housing finance marks a meaningful diversification for the six-decade-old industrial conglomerate and brings both capital and credibility to Aham’s next growth phase. For India’s affordable housing sector, deals of this nature demonstrate that patient, quality-first lenders can attract large strategic capital even in a crowded NBFC landscape.
These details have been verified against multiple publicly available reports as of 2026-07-30.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
