Vridhi Home Finance secures Rs 310 crore funding
ECONOMY & POLICY

Vridhi Home Finance secures Rs 310 crore funding

Vridhi Home Finance has raised ₹310 crore in its latest funding round, backed by Norwest Venture Partners and other significant investors. The funding will enable the company to bolster its lending capabilities, particularly within the affordable housing sector, aligning with India's growing demand for accessible home financing options for low- and middle-income segments. With this investment, Vridhi aims to strengthen its position in the housing finance market by expanding its geographical reach and enhancing its digital lending infrastructure.

The substantial backing from Norwest and other partners reflects investor confidence in the growth potential of India’s housing finance market, especially within underserved and affordable segments. Vridhi Home Finance’s focus on affordable housing aligns with national initiatives aimed at improving housing access across urban and semi-urban areas, where the demand for homeownership is growing alongside economic development.

This latest funding round underscores a broader trend in the Indian financial services sector, with investors increasingly focusing on companies that cater to underrepresented demographics in real estate finance. Vridhi's strategic approach to leveraging technology for easier and faster loan processing is expected to attract more customers and improve loan accessibility, reinforcing the company’s commitment to financial inclusion in housing.

Vridhi Home Finance has raised ₹310 crore in its latest funding round, backed by Norwest Venture Partners and other significant investors. The funding will enable the company to bolster its lending capabilities, particularly within the affordable housing sector, aligning with India's growing demand for accessible home financing options for low- and middle-income segments. With this investment, Vridhi aims to strengthen its position in the housing finance market by expanding its geographical reach and enhancing its digital lending infrastructure.The substantial backing from Norwest and other partners reflects investor confidence in the growth potential of India’s housing finance market, especially within underserved and affordable segments. Vridhi Home Finance’s focus on affordable housing aligns with national initiatives aimed at improving housing access across urban and semi-urban areas, where the demand for homeownership is growing alongside economic development.This latest funding round underscores a broader trend in the Indian financial services sector, with investors increasingly focusing on companies that cater to underrepresented demographics in real estate finance. Vridhi's strategic approach to leveraging technology for easier and faster loan processing is expected to attract more customers and improve loan accessibility, reinforcing the company’s commitment to financial inclusion in housing.

Next Story
Infrastructure Urban

Sambhajinagar to Make 980 Villages Tanker-Free

The district administration of Chhatrapati Sambhajinagar has unveiled a major initiative to make 968 villages and 12 wadis entirely tanker-free under the Jal Samruddha Gaon Abhiyan.The campaign seeks to establish long-term, sustainable solutions to the district’s worsening water crisis, currently being managed through 263 water tankers. The scarcity has been caused by poor monsoon rainfall and declining groundwater levels across the region.As part of the first phase, officials will conduct a detailed survey of the affected villages and examine over 191 wells to assess the potential for refil..

Next Story
Infrastructure Urban

Srinagar to Anchor Inland Waterways Push in J&K

Srinagar has emerged as the central hub for a major initiative aimed at developing inland water transport (IWT) infrastructure across Jammu and Kashmir.The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has inaugurated a regional office at Transport Bhawan in Srinagar. The office will act as the nodal centre for planning and executing IWT projects throughout the Union Territory.The establishment of this office reflects the Union Government’s growing commitment to utilising the region’s river systems for sustainable and low-emission transpor..

Next Story
Infrastructure Transport

Gurugram Metro Phase 1 Clears Land Hurdle

Gurugram’s urban transport network is set for a major overhaul as Gurugram Metro Rail Limited (GMRL) moves forward with Phase 1 of its metro expansion. The project, valued at Rs 12.86 billion, will include a 15.2-kilometre elevated corridor with 14 stations, connecting Millennium City Centre to Sector 9, with an additional spur to Sector 101 on the Dwarka Expressway.In a key development, GMRL has received approval from the Haryana Shehri Vikas Pradhikaran (HSVP) to utilise over 5,800 square metres of land for the construction of 10 stations. These land parcels will accommodate vital infrastr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?