Dvara KGFS

Dvara KGFS

Provider of loan for consumer and SME

Founded

2008

Headquarters

Chennai (India)

Status

Series E

Company Details

Website

Socials

Email

Phone

+91-4466687000

Dvara KGFS, formerly known as IFMR Rural Channels and Services, is a prominent non-banking financial company (NBFC) established in 2008. The company focuses on providing inclusive financial services to underserved populations in rural and semi-urban areas of India. With its headquarters in Tamil Nadu, Dvara KGFS aims to bridge the gap between urban and rural economies by offering a wide range of financial products tailored to the needs of low-income households and small businesses.

Key Features and Services

  • Financial Products: Dvara KGFS provides various financial services, including savings accounts, loans (microloans and business loans), insurance products, and investment options. This diverse portfolio aims to empower individuals and enterprises to achieve their financial goals.

  • Customer-Centric Approach: The company emphasizes understanding the unique financial needs of its customers, delivering personalized solutions to help them improve their livelihoods.

  • Branch Network: Dvara KGFS has established a significant presence with over 390 branches across 10 states in India, employing more than 2,800 staff members. This extensive network enables direct engagement with customers in remote areas.

  • Technology Integration: Leveraging technology, Dvara KGFS enhances its service delivery through digital platforms and mobile banking solutions, making financial services more accessible to customers.

Commitment to Financial Inclusion

Dvara KGFS is dedicated to promoting financial literacy and empowering communities through education programs. The company's mission is to create sustainable livelihoods and contribute to the socio-economic development of rural India.

Achievements and Recognition

Since its inception, Dvara KGFS has achieved several milestones in expanding its reach and impact. It has been recognized for its innovative approach to financial inclusion and has received awards for its contributions to social impact.

Overall, Dvara KGFS stands out as a key player in India's financial services sector, focusing on inclusive finance that transforms lives and fosters economic growth in underserved communities.

Key People

Lvln Murty

Bindu Ananth

Samir Shah

Key Metrics

Total Equity Funding

$43.7 million

No. of Funding Rounds

10

Latest Funding Round

$3.0Million, Series E

as of September 19, 2022

Post Money Valuation

$55.4 million

as of N/A

Funding Multiple

4.094

as of N/A

Investors

Stakeboat Capital

and 7 more

Employee Count

712

Similar Companies

CreditWise Capital

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
September 19, 2022 Series E$3.0Million$55.4Million $43.0Million1.3xNordic Microfinance Initiative , Accion
March 22, 2021Series E$9.5Million-$33.1Million-Invest in Visions, DKM Darlehnskasse Munster
September 26, 2019 Series E$11.6Million-$26.4Million- LeapFrog Investments, Abler Nordic, Nordic Microfinance Initiative
April 22, 2019 Series E$19.7Million$59.5Million$23.8Million1.7x Stakeboat Capital, LeapFrog Investments, Nordic Microfinance Initiative, Accion , ICICI Securities

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