Vridhi Finserv Home Finance - About the company
Vridhi Finserv Home Finance is a series B company based in Bengaluru (India), founded in 2022 by and . It operates as a Provider of consumer home loans. Vridhi Finserv Home Finance has raised $55.8M in funding from Norwest Venture Partners and Elevation Capital, with a current valuation of ₹1,010°ä°ù. The company has 92 active competitors, including 17 funded and 32 that have exited. Its top competitors include companies like HomeFirst Finance, HDFC and India Shelter Finance Corporation.
Key Metrics
Founded Year
2022
Location
Bengaluru, India
Stage
Series B
Total Funding
in 2 rounds
Latest Funding Round
Post Money Valuation
as on Sep 28, 2024
Investors
Ranked
15th among 92 active competitors
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Jan 31, 2025
Similar Companies
&
Legal entities associated with Vridhi Finserv Home Finance
Vridhi Finserv Home Finance is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jan 05, 2022 | $1.38M (as on Mar 31, 2024) | 331 | 588 |
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Vridhi Finserv Home Finance's funding and investors
Vridhi Finserv Home Finance has raised a total funding of $55.8M over 2 rounds. Its first funding round was on Oct 12, 2023. Its latest funding round was a Series B round on Sep 28, 2024 for $37M. 6 investors participated in its latest round, which includes Norwest Venture Partners, Elevation Capital and Elevation Capital.
Vridhi Finserv Home Finance has 3 institutional investors including Norwest Venture Partners, Elevation Capital and Elevation Capital. Elevation Capital is the largest institutional investor in Vridhi Finserv Home Finance. Sunil Mehta and 11 others are Angel Investors in Vridhi Finserv Home Finance.
Here is the list of recent funding rounds of Vridhi Finserv Home Finance:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Sep 28, 2024 | $37M | Series B | 6994325 | 6122106 | |
Oct 12, 2023 | $18.8M | Series A | 3734927 | 4586931 | Elevation Capital, , and |
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Vridhi Finserv Home Finance's valuation details
Vridhi Finserv Home Finance is valued at $121M as per the latest available filings. Here is Vridhi Finserv Home Finance's valuation trend over time:
Date | Valuation |
|---|---|
Sep 24 | $121M |
Jan 24 | 926 |
Oct 23 | 397 |
See how Vridhi Finserv Home Finance's valuation has changed over time. Sign up today!Vridhi Finserv Home Finance's founders and board of directors
The founders of Vridhi Finserv Home Finance are and . is the CEO of Vridhi Finserv Home Finance.
Vridhi Finserv Home Finance's board has 4 active members. is part of team and , and are independent board members.
View details of Vridhi Finserv Home Finance's Founder profiles and Board Members
Vridhi Finserv Home Finance's employee count trend
Vridhi Finserv Home Finance has 539 employees as of Jan 25. The total employee count is 104.2% more than what it was in Jan 24. Here is Vridhi Finserv Home Finance's employee count trend over the years:
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Top competitors of Vridhi Finserv Home Finance include HomeFirst Finance, HDFC and India Shelter Finance Corporation. Here is the list of Top 10 competitors of Vridhi Finserv Home Finance, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  HomeFirst Finance 2010, Mumbai (India), Public | Housing finance company focused on providing affordable home loans | $210M | Warburg Pincus, Bessemer Venture PartnersÌý&²¹³¾±è;Ìý | 80/100 |
2nd | Provider of housing finance solutions | - | The Carlyle Group, CitiÌý&²¹³¾±è;Ìý | 72/100 | |
3rd | India Shelter Finance Corporation 2010, Gurugram (India), Public | Housing loans to middle income households | $111M | WestBridge Capital, Sequoia CapitalÌý&²¹³¾±è;Ìý | 72/100 |
4th | Provider of affordable housing finance solutions | $237M | British International Investment, Premji InvestÌý&²¹³¾±è;Ìý | 71/100 | |
5th | Aadhar Housing Finance 2010, Mumbai (India), Public | Loans for affordable housing in tier 2,3 and 4 cities | $608M | IFC, ICICI BankÌý&²¹³¾±è;Ìý | 70/100 |
6th | Ummeed Housing Finance 2016, Gurugram (India), Series F | Real estate financing company | $150M | Morgan Stanley, Norwest Venture PartnersÌý&²¹³¾±è;Ìý | 69/100 |
7th |  Nivara Home Finance 2014, Bengaluru (India), Series B | Provider of home loans and financial services | $38.2M | True North, Baring Private Equity PartnersÌý&²¹³¾±è;Ìý | 66/100 |
8th |  2016, Pune (India), Series C | Provider of commercial & residential real estate loans | $67.3M | British International Investment, Aavishkaar CapitalÌý&²¹³¾±è;Ìý | 64/100 |
9th | Vastu Housing Finance 2015, Mumbai (India), Acquired | Home loans provider | $805M | TA, Norwest Venture PartnersÌý&²¹³¾±è;Ìý | 63/100 |
10th | Repco Home 2000, Chennai (India), Public | Provider of affordable housing finance services | - | The Carlyle Group, IFCÌý&²¹³¾±è;Ìý | 63/100 |
15th |  2022, Bengaluru (India), Series B | Provider of consumer home loans | $55.8M | Norwest Venture Partners, Elevation CapitalÌý&²¹³¾±è;Ìý | 59/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Vridhi Finserv Home Finance's competitors? Click to see the top ones
Vridhi Finserv Home Finance's Latest cap tables and shareholding
Founders (largest shareholder) own 54.20%, Funds own 31.00%, Angels own 0.04% and Other People own 9.52%. The net worth of Vridhi Finserv Home Finance's founders is INR 548Cr as of Sep 28, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 54.20% | 548Cr | 1488290 | 3398211 | 6171965 | 8824468 |
40573 | 11849 | 38952 | 54982 | 86966 | 10618 | |
Fund | 31.00% | 313Cr | 7472513 | 1538553 | 6191818 | 1433284 |
26089 | 64972 | 55456 | 50223 | 15609 | 30733 | |
Angel | 0.04% | 39.1L | 0 | 0 | 0 | 0 |
Other People | 9.52% | 96.3Cr | 6351699 | 8476434 | 8658795 | 1422701 |
ESOP Pool | 0.72% | 7.3Cr | 0 | 0 | 0 | 0 |
Other Investors | 4.51% | 45.6Cr | 1660 | 5734 | 2558 | 8742 |
Total | 99.99% | 1,010Cr | 3843435 | 3039768 | 6881544 | 3820993 |
To unlock detailed Cap Table of Vridhi Finserv Home Finance Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Vridhi Finserv Home Finance's Shareholding
Vridhi Finserv Home Finance's Investments and acquisitions
Vridhi Finserv Home Finance has made no investments or acquisitions yet.
Reports related to Vridhi Finserv Home Finance
Here is the latest report on Vridhi Finserv Home Finance's geography:
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News related to Vridhi Finserv Home Finance
Media has covered Vridhi Finserv Home Finance for a total of 6 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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Financial Express•Jan 13, 2025•Jungle Ventures, Infinity Fincorp Solutions, Inflection Point Ventures, LoanKuber and 6 others
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Livemint•Dec 24, 2024•Vastu Housing Finance, Prosus, Vridhi Finserv Home Finance, Norwest Venture Partners and 3 others
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Indiatimes•Nov 05, 2024•Finova Capital, Avataar Ventures, Sofina, Madison India Capital and 10 others
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Viestories•Oct 29, 2024•Vridhi Finserv Home Finance, Norwest Venture Partners, Elevation Capital
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Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Vridhi Finserv Home Finance
When was Vridhi Finserv Home Finance founded?
Vridhi Finserv Home Finance was founded in 2022.Where is Vridhi Finserv Home Finance located?
Vridhi Finserv Home Finance is located in Bengaluru, India.Is Vridhi Finserv Home Finance a funded company?
Vridhi Finserv Home Finance is a funded company, its first funding round was on Oct 12, 2023.When was the latest funding round of Vridhi Finserv Home Finance?
Vridhi Finserv Home Finance's latest funding round was on Sep 28, 2024.How much is Vridhi Finserv Home Finance worth?
The latest valuation of Vridhi Finserv Home Finance is ₹1,010°ä°ù as on Sep 28, 2024.What is the annual revenue of Vridhi Finserv Home Finance?
Annual revenue of Vridhi Finserv Home Finance is ₹11.4°ä°ù as on Mar 31, 2024.Our Lite Plan Awaits you - Its Free!
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