Comments
Dvara KGFS, a financial services company that is into financial inclusion, has raised ₹70 crore in the second tranche of a Series E round, from Nordic Microfinance Initiative, an investment fund owned by the Norwegian and Danish governmental funds for developing countries.
With this, Dvara has raised ₹167 crore in the Series E round. It had raised ₹97 crore in May in a round led by Stakeboat Capital, with participation from existing investors LeapFrog Investment and Dvara Trust.
Dvara KGFS will use the money for geographical expansion, product diversification and focus on technology. Dvara KGFS now has a presence in Tamil Nadu, Odisha, Uttarakhand and Karnataka serving individual customers and enterprises in remote rural areas.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.