Dvara KGFS, a non-banking finance company focused on fostering financial inclusion in deep rural areas across India, has raised $10 million in debt funds. 

The funds will be instrumental in augmenting the company's capital adequacy and accelerating its growth plans in the current financial year.
 
Triple Jump Financial Inclusion Resilience Fund B.V., a financial inclusion investor from the Netherlands, has provided $5 million to Dvara KGFS as subordinated debt in the form of External Commercial Borrowings (ECBs) under the automatic route of the Reserve Bank of India. This strategic partnership will further strengthen Dvara KGFS' mission to extend its comprehensive financial services to underbanked communities.

In addition to this, Dvara KGFS has secured $5 million from a BlueOrchard-managed fund, a global impact investment manager based in Switzerland. 

LVLN Murty, Managing Director and CEO of Dvara KGFS stated, "Dvara KGFS aims to provide holistic financial services to its customers, empowering them to enhance their financial well-being and lifetime value. The funds raised will enable us to expand our reach and impact, driving financial inclusion in rural areas."
 
Shilpa Bhatter, CFO  of Dvara KGFS, added, "These funds not only diversify our lender profile but also strengthen our presence in the foreign debt market, unlocking access to lower-cost debt and ensuring a sustainable growth path for Dvara KGFS."