Exclusive: Altum Credo to raise Rs 100 Cr in Series C round

Altum Credo, a prominent housing finance company, is in advanced discussions to raise ₹100 crore (approximately $12 million) in its Series C funding round. This capital infusion is expected to bolster Altum Credo's lending capacity, allowing it to expand its reach in the affordable housing finance segment. The funds will likely be utilized to grow its loan book, enhance technological infrastructure, and strengthen its operational capabilities. This funding round underscores investor confidence in the affordable housing sector and Altum Credo's potential to cater to the growing demand for housing finance in India's semi-urban and rural areas.