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Vridhi Home Finance raised Rs 310 crore in a Series B funding round led by Norwest Venture Partners to accelerate its expansion in existing markets and strengthen its technology infrastructure.

Oct 29, 2024•9 months ago

Amount Raised

₹3.1 Billion

Round Type

series b

BengaluruLendingFinancial Services

Investors

Elevation CapitalNorwest Venture Partners

Description

Housing finance company Vridhi Home Finance has raised Rs 310 crore in its Series B funding led by Norwest Venture Partners, with participation from its founders and existing investor Elevation Capital. The funds will support the company's growth and enhancement of its technology infrastructure.

Company Information

Company

Vridhi Home Finance

Location

Bengaluru, Karnataka, India

About

Vridhi Finserv Home Finance Ltd is a “Tech-enabled Brick and Mortar” housing finance company and was incorporated as a public limited company under the Companies Act, 2013 headquartered in Bangalore, Karnataka. Vridhi has been founded by seasoned promoters and a founding team in the Banking and Financial services domain with 75+ years of combined mortgage experience.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers