Dugar Finance, a Chennai-based non-banking financial company (NBFC), has secured $5 million in funding led by HegdInvst. The investment will fuel Dugar Finance’s expansion plans beyond vehicle financing, with a focus on broadening its presence in the Micro, Small, and Medium Enterprises (MSME) lending sector.
By leveraging this funding, the company intends to strengthen its MSME lending franchise and extend its operations into tier 2 and other emerging locations. This strategic move underscores Dugar Finance’s commitment to diversifying its financial services portfolio and tapping into new market segments.
With a focus on expanding reach and enhancing financial inclusion, Dugar Finance is positioning itself for growth and impact in the evolving financial landscape.
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