Indian NBFC Dvara KGFS raises $14m led by Stakeboat Capital

Indian NBFC Dvara KGFS raises $14m led by Stakeboat Capital

Visual from Dvara KGFS website

Indian non-banking finance company Dvara KGFS on Thursday announced that it has raised about $14 million (Rs 97 crore) in a Series E round of equity funding, led by new investor Stakeboat Capital.

The round also saw participation from existing investors LeapFrog Investment and Dvara Trust, it said in a statement. The company’s other major shareholder Accion participated with additional funds in 2018.

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