Vridhi Home Finance has raised Rs 310 crore in fresh funding from Norwest Venture Partners, Elevation Capital, and its founders.
The company plans to invest in building a strong distribution network, risk management practices, and technology backend for a digital home loan process.
With the new capital, Vridhi Home Finance aims to expand to new markets and enhance its digital onboarding system.
The company focuses on serving small towns with populations between 3,000 and 500,000, offering home loans ranging from Rs 3 lakh to Rs 45 lakh.