Symbiotics leads $18 Mn debt round in Dugar Finance

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Dugar Finance, an impact-led secured MSME lender, has raised $18 million (about Rs 160 crore) in a debt funding round led by Swiss-based investor Symbiotics, with participation from leading Indian banks including Union Bank of India, Karur Vysya Bank, Indian Overseas Bank, Tamilnad Mercantile Bank and STCI Finance among others. Symbiotics contributed $5.5 million in this round.

It had previously raised $3 million in debt from the $75-million Green Basket Bond issued by  Symbiotics Investments back in June this year.

The fresh funds will be allocated…



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Symbiotics leads $18 Mn debt round in Dugar Finance


Dugar Finance, an impact-led secured MSME lender, has raised $18 million (about Rs 160 crore) in a debt funding round led by Swiss-based investor Symbiotics, with participation from leading Indian banks including Union Bank of India, Karur Vysya Bank, Indian Overseas Bank, Tamilnad Mercantile Bank and STCI Finance among others. Symbiotics contributed $5.5 million in this round.

It had previously raised $3 million in debt from the $75-million Green Basket Bond issued by  Symbiotics Investments back in June this year.

The fresh funds will be allocated…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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