From a small Pune office in 2016, Altum Credo dreamed of helping first-time homebuyers in Tier‑2 and Tier‑3 India. Fast-forward to 2025 it’s now executing at scale. The company is set to raise ₹100 crore (~$11.8 million) in a follow-on Series C1 round, with British International Investment (BII) doubling down as lead investor.
What this round means:
- 57.8 lakh CCPS issued at ₹173/share → ₹1,694 crore (~$200 million) post-money valuation unaided ~60% jump from its April 2024 valuation of ~$124 million.
- Since its inception, the Pune-based firm has raised approximately $70 million across equity rounds.
On-the-ground impact:
- Offers home loans ₹4 lakh–₹40 lakh for 5–20 years, targeting economically weaker sections.
- AUM recently hit ₹830 crore (~$100 million), with year-over-year revenue growth of 67% to ₹112.87 crore and a doubling of profits to ₹20 crore in FY24.
Why it matters:
- Funds will strengthen digital reach, expand lending operations, and scale into more semi-urban and rural regions.
- Promoter stake remains strong at 18.3%, with BII holding 9%, preserving the startup’s mission-led edge.
Altum Credo is writing a quiet startup fairy-tale: service-heavy, impact-driven, and financially smart. They’re not chasing metro glitz or aggressive burn curves. Instead, they’re building a sustainable, purpose-first housing finance platform that delivers homeownership to the under-banked.
