Private Equity

PE Fund Investments

NBFC DMI Finance raises $47-M from Sumitomo Mitsui Trust Bank, others

Press Release  

New Delhi-based DMI Finance Pvt Ltd has closed a USD 47 million equity investment round which included new investor Sumitomo Mitsui Trust Bank Ltd. The latest fund-raise takes its total equity base to USD 500 million. Existing investors in DMI Finance include New Investment Solutions and NXC Corporation.

From the Venture Intelligence PE-VC Deal Database: Between Oct-11 and Apr-20, DMI Finance had raised over $370-M from NXC Corp, NIS New Investment Solutions, and Burman Family Office. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)