Dugar Finance, a non-banking financial company based in Chennai, has successfully raised $5 million in a pre-series A funding round.
This funding, led by HegdInvst, is aimed at broadening the company's financial services beyond vehicle financing.
The capital will be utilized to:
- Expand the MSME lending franchise.
- Enter tier 2 and other emerging locations.
With this strategic move, Dugar Finance is positioning itself to better serve the growing needs of small and medium enterprises across India.
