Private Equity PE Fund Investments
Vridhi Home Finance raises Rs.310-Cr in Series B round led by Norwest
Source Vridhi Home Finance (opens in a new tab)Economic Times (opens in a new tab)
Bangalore-based tech-enabled housing finance company Vridhi Home Finance has raised INR 310 crore in Series B round led by Norwest Venture Partners with participation from existing investor Elevation Capital. The new funds will be used by the company for expansion and to enhance technological infrastructure.Founded in 2022, Vridhi Home Finance is a housing finance company, providing loans to underserved and unserved population. The company operates in a phygital model.
Company website ↗ (opens in a new tab)
In Oct-23, Vridhi Home Finance had raised about USD 19 M from Elevation Capital, OthersFor FY24, Vridhi Home Finance had reported about INR 9.5 Cr in Operating Income and about INR 6 Cr in net loss.