Altum Credo raises $40 mn

Mumbai: Affordable housing financier Altum Credo on Thursday announced a $40 million (around Rs 332 crore) fundraise in a round led by Z3Partners and impact investor Oikocredit. The 2017-founded company said the Series C round includes a $27 million fundraise in fresh equity and $13 million in partial exit to Series A investors, a statement said. The Pune-headquartered company plans to deploy the new capital for growing its assets under management, which stood at Rs 830 crore as of March 2024, it said. Apart from the lead investors, the UK’s British International Investment and existing investors Aavishkaar Capital, Amicus Capital and PS Pai and family also participated in the new round, it said.