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Based in Chennai, Tamil Nadu, India, Dvara KGFS is a non-banking financial company that provides savings, credit, insurance, and wealth management services to low-income households and small businesses located in remote rural areas. The institution operates an extensive network of 390 brick-and-mortar branches across 10 Indian states to serve unbanked and underbanked agricultural communities. Dvara KGFS generates approximately $68 million in annual revenue and has secured $68.4 million in total equity and debt funding across five investment rounds. The company is promoted by Dvara Trust and directed by a corporate board and management team that includes Chief Executive Officer LVLN Murty, Pranav Kumar, and Raman Uberoi. To support its rural lending portfolio and daily financial operations, the enterprise employs a dedicated workforce of 3,374 personnel. The financial services organization was founded in 2008 by Bindu Ananth.
Dvara KGFS has raised $51.0M across 3 funding rounds.
Dvara KGFS has raised $51.0M in total across 3 funding rounds.
Dvara KGFS has raised $51.0M in total across 3 funding rounds.
Dvara KGFS's investors include BlueOrchard, Triple Jump, Enabling Qapital, Stakeboat Capital, Dvara Trust, LeapFrog Investments.
Dvara KGFS has raised $51.0M across 3 funding rounds. Most recently, it raised $10.0M Debt in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 27, 2024 | $10M Debt Financing | Blueorchard, Triple Jump | — | Announced |
| Feb 21, 2024 | $27M Debt Financing | — | Enabling Qapital | Announced |
| May 3, 2019 | $14M Series E | Stakeboat Capital | Dvara Trust, LeapFrog Investments | Announced |
