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Dugar Finance raises $18 million in a debt funding round led by Symbiotics to strengthen its MSME lending and expand into Tier-2 to Tier-6 markets across India.

PRIVATEDec 22, 2025

Amount Raised

$18 Million

Round Type

Debt Financing

ChennaiFinanceFintech

Investors

Stci FinanceTamilnad Mercantile BankUnion Bank Of IndiaKarur Vysya BankIndian Overseas BankSymbiotics

Description

Dugar Finance has successfully secured $18 million in a debt funding round, largely driven by Swiss investor Symbiotics. The funds will enhance its MSME lending capabilities and support its expansion into various underserved markets in India. Participating investors include several leading Indian banks. This round follows a previous $3 million debt investment from Symbiotics earlier this year.

Quick answer

Dugar Finance raised $18 Million in a Debt Financing round, dated December 22, 2025. Investors: Stci Finance, Tamilnad Mercantile Bank, Union Bank Of India, Karur Vysya Bank, Indian Overseas Bank and Symbiotics. Dugar Finance is based in Chennai, Tamil Nadu, India.

How much did Dugar Finance raise?
Dugar Finance raised $18 Million in a Debt Financing round on December 22, 2025.
Who invested in Dugar Finance?
Stci Finance, Tamilnad Mercantile Bank, Union Bank Of India, Karur Vysya Bank, Indian Overseas Bank and Symbiotics are named as investors in this round.
What does Dugar Finance do?
Dugar Finance is the flagship company of Dugar Group.
Where is Dugar Finance based and how big is it?
Dugar Finance is based in Chennai, Tamil Nadu, India.
Who are the decision-makers at Dugar Finance?
Fundz holds 1 contact at Dugar Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as Dugar Finance that raised within 45 days of this round, from Fundz verified event records.

  • Hyperstacks raised $500K (Seed) on February 5, 2026.
  • Advance raised $8.6M (Seed) on February 5, 2026.
  • Fintower raised $1.8M (Seed) on February 5, 2026.
  • Bcas raised $35M (Debt Financing) on February 4, 2026.
  • Tapi raised $27M (Series B) on February 4, 2026.
  • Neo Financial raised $54M (Funding Round) on February 3, 2026.

Who to call at Dugar Finance, and when

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Company Information

Company

Dugar Finance

Location

Chennai, Tamil Nadu, India

About

Dugar Finance is the flagship company of Dugar Group. It operates in 6 states across India with 30+ offices in Tamil Nadu, Maharashtra, Gujrat, Karnataka, Andra Pradesh and Telangana. Dugar Finance has grown over the past 3 decades in the financial services industry all over India, and created the brand name "Dugar", which people trust on the foundations of dedicated customer service, fair business practices, and efficient, safe and trusted financial policies.

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