Dvara KGFS funding, investors and company details
Dvara KGFS is an emerging Financial Services - Fintech - Lending startup from Chennai, working in the space of Non-Banking Financial Company (NBFC) / Financial Intermediation focused on rural financial services. Founded by Bindu Ananth.
- Company: Dvara Kshetriya Gramin Financial Services Private Limited
- Sector: Financial Services - Fintech - Lending
- Location: Chennai
- Founders: Bindu Ananth
- Total funding raised: ₹261.8 Cr
Company overview
Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS) is a non-banking financial company (NBFC) focused on providing financial inclusion and credit access to underserved rural and semi-urban communities in India. Established in 2008 by Dvara Trust, the company operates through a branch-based Kshetriya Gramin Financial Services (KGFS) model, which provides a range of financial products such as loans, insurance, savings, and remittance services to low-income households and micro-enterprises in remote rural areas. Dvara KGFS follows a customer-centric “wealth management” approach, where it assesses customers’ assets, liabilities, income, and financial goals to recommend suitable financial solutions that improve household financial well-being. The company collaborates with banks and other financial institutions as a business correspondent to originate and distribute financial products, leveraging technology, digital channels, and local branch networks to expand financial access across multiple states in India
Funding rounds
- Latest round (Debt): $ 7.00 Mn (₹58.35 Cr.), 2024-06-19. Investors: Enabling Qapital
- Past round: $ 10.00 Mn (₹83.42 Cr.), 2024-05-24. Investors: BlueOrchard Finance
- Past round (Debt): $ 14.40 Mn (₹120.02 Cr.), 2024-03-21. Investors: Impact Investment Exchange (IIX)