About Altum Credo
Altum Credo is a company based in Pune (India) founded in 2016 by Vikrant Bhagwat, Ashish Tewari, and Ganesh Rao. It operates as a B2B. Altum Credo has raised $67.3 million across 4 funding rounds from investors including British International Investment, Z3Partners and Amicus Capital Partners. The company has 614 employees as of March 31, 2024. Altum Credo operates in a competitive market with competitors including India Shelter Finance Corporation, HDFC, Ummeed Housing Finance, Aadhar Housing Finance and Shubham, among others.
- Headquarter Pune, India
- Employees 614 as on 31 Mar, 2024
- Founders Vikrant Bhagwat, Ashish Tewari, Ganesh Rao
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Altum Credo Home Finance Private Limited
- Date of Incorporation 12 Sep, 2016
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$13.87 M (USD)64.29as on Mar 31, 2024
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Net Profit
$2.33 M (USD)123.07as on Mar 31, 2024
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EBITDA
$7.92 M (USD)124.39as on Mar 31, 2024
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Total Equity Funding
$67.3 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series C
Apr 11, 2024
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Investors
British International Investment
& 12 more
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Employee Count
614
as on Mar 31, 2024
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People of Altum Credo
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Leadership Team
5 people
Sales and Marketing
1 people
Board Team
1 people
Legal and Compliance
1 people
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Funding Insights of Altum Credo
Altum Credo has successfully raised a total of $67.3M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $40.0M
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First Round
First Round
(12 Apr 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series C - Altum Credo | Valuation | Z3Partners , Oikocredit | |
| Nov, 2021 | Amount | Series B - Altum Credo | Valuation | Amicus Capital Partners | |
| Dec, 2019 | Amount | Angel Round - Altum Credo | Valuation | Sheela Pai Cole , Sunaina Pai Ocalan |
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Investors in Altum Credo
Altum Credo has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include British International Investment, Z3Partners and Amicus Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech and digital investing services in India.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location |
Investments & Acquisitions by Altum Credo
Financial Statements - Altum Credo
Altum Credo Comparisons
Competitors of Altum Credo
Altum Credo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as India Shelter Finance Corporation, HDFC, Ummeed Housing Finance, Aadhar Housing Finance and Shubham, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Housing loans are extended to middle-income households in India.
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| domain | founded_year | HQ Location |
Provider of housing finance solutions
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| domain | founded_year | HQ Location |
Real estate financing company
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| domain | founded_year | HQ Location |
Loans for affordable housing in tier 2,3 and 4 cities
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| domain | founded_year | HQ Location |
Affordable housing finance solutions are provided to underserved individuals.
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| domain | founded_year | HQ Location |
Home and business loans are provided by Vastu Housing Finance.
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Frequently Asked Questions about Altum Credo
Altum Credo was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Altum Credo is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Vikrant Bhagwat is the current CEO of Altum Credo. They have also founded this company.
Altum Credo is a funded company, having raised a total of $67.3M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $5.65M, raised on Apr 12, 2018.
As of Mar 31, 2024, the latest employee count at Altum Credo is 614.
Annual revenue of Altum Credo is $13.87M as on Mar 31, 2024.
Altum Credo, established in 2016, excels in finance, banking, facilitating loans and financing, and real estate loans. Delivers comprehensive solutions for commercial and residential real estate loans. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Altum Credo's top competitors include India Shelter Finance Corporation, HDFC and Aadhar Housing Finance.
Altum Credo has 13 investors. Key investors include British International Investment, Z3Partners, Amicus Capital Partners, Oikocredit, and Aavishkaar Capital.
The valuation of Altum Credo is $59.26M as of Nov 2021.