News
Symbiotics Leads $18 M Investment in Dugar Finance to Scale Secured MSME Lending in India
Symbiotics, the leading market access platform for impact investing, has led a $18 million debt round in Dugar Finance, a fast-growing Non-Banking Financial Company (NBFC) in India focused on secured MSME and commercial vehicle lending.
The transaction saw participation from a consortium of lenders including Union Bank of India, Karur Vysya Bank, Indian Overseas Bank, Tamilnad Mercantile Bank, STCI Finance, and others. Symbiotics contributed $5.5 million, bringing its total investment in Dugar Finance to $8.5 million, following a prior $3 million Green Bond supporting sustainable and electric vehicle financing.
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