Aptus raises Rs 880 cr from Steadview Capital, Sequoia, Malabar Investments

In the past 10 years, Aptus has built a franchise in affordable housing finance with a loan book of over Rs 2,650 crore, which grew over 60 per cent in the past five years

Aptus Value Housing Finance (Aptus), the Chennai-based affordable housing finance company, has raised Rs 880 crore in equity. The funding round was led by existing investor WestBridge, with new investors Steadview Capital and Sequoia Capital and existing investor Malabar Investments participating. 

The current round of capital raise was at a valuation of Rs 5,080 crore.

Founder M Anandan said that the company is well capitalised to build on the strong base and expects to grow its loan book at over 60 per cent in the next three years. 

In the past 10 years, Aptus has built a franchise in affordable