Vridhi Finserv Home Finance Limited on Tuesday said it has raised Rs 310 crore ($36.9 million) in its Series B round of funding led by Norwest Venture Partners, with participation from its existing investor Elevation Capital.
DealStreetAsia
Technology, Information and Media
#12-01, Singapore 42,415 followers
Financial Deal News & Intelligence Platform for the Asian Private Capital Ecosystem.
About us
DealStreetAsia™ is a Singapore-headquartered, subscription-driven media company, covering all deals – private equity, venture capital, M&As, listings and the business of startups across Asia. We provide deals data, intelligence, and perspective on some of Asia’s most opaque markets to international and regional investors. We also track startups that are disrupting the status quo and playing an important role in the evolution of one of the fastest-growing regions of the world. Our coverage is powered by growing our strong team of nearly two dozen writers and researchers, who live and work in key markets across the region, including Singapore, China, Hong Kong, Indonesia, the Philippines, Myanmar, Vietnam, Malaysia, and India. Our breaking stories have been followed by all leading media including Bloomberg, Reuters, TechCrunch, and Business Times, among others. In mid-2019, Nikkei Inc, the owner of Financial Times, picked up a controlling stake in DealStreetAsia.
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- Technology, Information and Media
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- 11-50 employees
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To keep pace with today’s constantly evolving markets, data must be smarter, deeper, and instantly accessible. The DealStreetAsia DATA VANTAGE platform provides you with all the relevant data and insights you need to navigate some of the most opaque markets of Southeast Asia. 📊 Boost Your Deal Pipeline: Whether you are starting your search phase or beginning initial due diligence, you can review financial information based on up-to-date regulatory filings. 💡 Track Competitors and Industries: Use Data Vantage to track financial performance and funding rounds of your key competitors. You can also use it to identify possible investors by screening related deals. 📰 Sector-focused News: Our journalists immerse themselves in the market to obtain fresh perspectives and stay abreast of market disruption. And they arm you with intelligence that you won’t find anywhere else. Contact us at subs@dealstreetasia.com for more details.
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Updates
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Risk capital investors appear to be increasingly parking large sums of money in Indian startups if the rise in big-ticket transactions this year is an indicator. Megadeals, or transactions worth at least $100 million, collectively raised $4.76 billion in the Jan-Sept 2024 period, recording a 15% jump from $4.12 billion in the comparable period last year.
India: Megadeals further recover as investors write bigger cheques
dealstreetasia.com
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Coolmate, a Vietnam-based e-commerce direct-to-consumer (D2C) men’s apparel brand, has announced the completion of its $6 million Series B funding round, led by Vertex Ventures SE Asia & India, according to an announcement.
Vertex Ventures leads $6m investment in Vietnamese D2C startup Coolmate
dealstreetasia.com
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With the global liquidity crunch reshaping private capital flows since early 2022, Southeast Asian startups have been pursuing aggressive business reforms to ensure sustainability and accelerate the path to profitability.
Profit amid crisis, how SE Asian startups thrived through reforms
dealstreetasia.com
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Sopnendu Mohanty, chief fintech officer at Singapore’s central bank, is stepping down from his role in February 2025 after years of being the face of the city-state’s innovations in the financial sector.
MAS fintech chief Sopnendu Mohanty to step down in 2025 to join non-profit
dealstreetasia.com
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Yoho, a direct-to-consumer (D2C) footwear brand, has raised about $3.2 million (Rs 27 crore) in its pre-Series B funding round led by Gulf Islamic Investments (GII) to fuel its domestic and international expansion, per an announcement on Tuesday.
Gulf Islamic Investments backs footwear brand Yoho and India deals worth $112m
dealstreetasia.com
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Indonesian loyalty platform Global Poin Indonesia (GetPlus) will cease operations from December 6, 2024, the company announced on social media.
Indonesian loyalty platform GetPlus to shut down on Dec 6
dealstreetasia.com
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India-based health and fitness startup HealthifyMe App issued shares worth $32.7 million last week to LeapFrog Investments, Khosla Ventures, Blume Ventures, Unilever Ventures and other investors.
Data Vantage: HealthifyMe, Andalin, SIRCLO and Canopy in focus
dealstreetasia.com
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Indonesian state-owned VC firm Jakarta Ventura (Jakvent) is gearing up to establish itself as a prominent player in the nation’s startup ecosystem by investing through blended financing, equity, and debt. It aims to fund three to five startups next year, said a senior executive in an interview with DealStreetAsia.
Jakarta Ventura plans to double down on investments in Indonesia
dealstreetasia.com
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Chinese online marketplace giant Temu’s official entry into Vietnam is predicted to reshape the country’s e-commerce landscape, which is dominated by the likes of Shopee, TikTok Shop, and Lazada.
E-commerce rivalry in Vietnam to intensify further with Temu's entry
dealstreetasia.com