Social VC Investments
Lender to MSMEs Dugar Finance raises $18-M in debt led by Swiss investor Symbiotics
Chennai-based Dugar Finance & Investments Ltd , a non-banking financial company, has raised USD 18 million in a debt funding round led by Swiss-based impact investor Symbiotics with participation from Indian lenders such as Union Bank of India, Karur Vysya Bank, Indian Overseas Bank, Tamilnad Mercantile Bank, and STCI Finance.Symbiotics invested USD 5.5 million in this transaction, bringing its total funding in Dugar Finance & Investments to USD 8.5 million, which includes a USD 3 million green bond issued earlier this year.Founded in 1987, Dugar offers secured MSME (micro, small and medium enterprises) loans and commercial vehicle financing to semi-urban and rural borrowers.The company plans to use the latest capital to support lending and expand operations across Tier II to Tier VI markets. It aims to scale to over 75 branches and INR 600 crore in assets under management by fiscal year 2027.
In Jun 2025, Dugar Finance had attracted about USD 3 M from Symbiotics Group.
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