Non-banking finance company Dvara KGFS (formerly known as Pudhuaaru Financial Services Private Limited), on Thursday, announced that it has raised ₹97 crore in Series E round of equity funding. The funding round was led by new investor Stakeboat Capital, along with existing investors LeapFrog Investment and Dvara Trust. The company said the funds will be used to increase the number of branches, invest in technology, and to increase staff strength. It is also looking to raise more than ₹600 crore of debt from a variety of sources, such as bank borrowings, NCDs, and ECB loans.