Japan-based Mitsubishi UFJ Financial Group, Inc. through its consolidated subsidiary MUFG Bank, has led a $400 million equity.
The round also saw participation from existing investor Sumitomo Mitsui Trust Bank Ltd. The details of the primary and second transactions are awaited. The fresh fundraise comes a year after it raised $47 million (around Rs
347.5 crore) equity investment round from new investor Sumitomo
Mitsui Trust Bank Limited (SuMi) two existing investors Liechtenstein based asset management firm New Investment Solutions and South
Korean investment firm NXC Corporation in January 2022.
DMI Finance is also backed by Dabur India promoter’s Burman Family Office, among other investors.
So far, it has raised over $1.5 billion in equity and debt investments
from global institutional investors, strategic family offices and Indian
and international banks.
“Powered by world-leading digital infrastructure, India is amid an unprecedented transformation. DMI Finance aims to be the trusted partner for Indian households and small businesses in addressing their rapidly growing financial needs. We are delighted to welcome MUFG and SuMi Trust Bank on this pioneering mission, on which we embarked in 2016, of providing credit in real time to our clients,” said
Shivashish Chatterjee, co-founder and joint managing director of DMI Finance.
