Delhi-based financial services company DMI Group has raised $123 Mn in equity funding through its parent company DMI Limited. The investment in DMI Limited was led by NXC Corporation, which is a holding company of the game development and distribution company NEXON.
DMI said that the last 18 months have been complex for financial services companies — from the liquidity crisis engendered by the IL&FS default to the economic implications of Covid-19.
The company said it has raised substantial capital in the past two years and has added $343 Mn of equity capital and $350 Mn of FPI-subscribed non-convertible debentures.
