Dvara KGFS gets Rs 97 cr in Series E

Dvara KGFS, formerly IFMR Rural Channels and Services, an NBFC under Dvara Trust catering to rural towns across India, has raised Rs 97 crore as part of its Series-E funding round, led by Stakeboat Capital, a new investor to the company.

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

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