An affordable housing finance provider has raised USD 96 million (approximately Rs 870 crore) in a fresh funding round led by existing shareholders along with other financial investors. The transaction strengthens the lender’s long-term growth strategy by reinforcing its shareholder base with a mix of global impact-focused investors and regional private equity firms. The deal also facilitated a partial exit for some early backers, according to a joint statement issued on Thursday. Over the past year, the housing finance company has continued to scale its operations at a rapid pace, driven by sustained demand for affordable home loans among India’s expanding middle-income population. As of December 2025, the lender’s assets under management stood at around Rs 7,500 crore, reflecting strong portfolio growth and healthy loan disbursements. The company currently operates through around 200 branches across 12 states, and is actively expanding its physical presence to serve a wider customer base in semi-urban and underserved markets. Its growth strategy focuses on deepening penetration in regions where access to formal housing finance remains limited. The lender plays a critical role in addressing the structural gap in India’s housing finance ecosystem by catering to customers who typically lack conventional income documentation or formal credit histories. By leveraging alternative credit assessment models and on-ground engagement, the company enables first-time homeownership for families that are often excluded from traditional banking channels.