2008
Chennai (India)
Series E
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.
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.
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.
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.
$43.7 million
10
$3.0Million, Series E
as of September 19, 2022
$55.4 million
as of N/A
4.094
as of N/A
Stakeboat Capital
and 7 more712
CreditWise Capital
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
September 19, 2022 | Series E | $3.0Million | $55.4Million | $43.0Million | 1.3x | Nordic Microfinance Initiative , Accion |
March 22, 2021 | Series 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 | $23.8Million | 1.7x | Stakeboat Capital, LeapFrog Investments, Nordic Microfinance Initiative, Accion , ICICI Securities |