INSUBCONTINENT EXCLUSIVE:
Chennai-headquartered affordable housing finance company Aptus Value Housing Finance has said it has raised Rs 880 crore in equity capital
in its Series B round led by existing investor WestBridge and new participants Steadview Capital, Sequoia Capital India and Malabar
In 2016, Aptus had raised its Series A round of around Rs 270 crore led by WestBridge
Aptus finds the market for funding self-employes persons and individuals in the ticket-size of Rs 5-25 lakh as an attractive market, and
will channel the latest round to go deeper in the market.
Aptus Value was founded by financial services veteran M Anandan, who had held
various executive positions with the financial services businesses of Chennai-based sugar-to-bicycle conglomerate Murugappa group
On the equity raise, Anandan said: “With a set of marquee investors, we are well capitalised to build on the strong base and expect to
grow our loan book at 60+ % CAGR over 3 years.”
Over a decade, Aptus has built a loan book of over Rs 2650 crore.
The Company which
provides home loans, improvement loans, and business loans to the underserved self-employed customers, has disbursed over Rs 3500 crore
worth of loans with significant presence in semi urban, rural areas, according to a release
The Company has over 40000 customers being serviced through its 165 branches in four South Indian states
It targets to achieve a loan book of Rs 9,000 crore by end of FY22