Rooftop solar-focused NBFC firm Dugar Finance raises $3 million in debt

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Here’s the structured information from the provided content:

  • Startup: Dugar Finance
  • Founders: Ramesh Dugar
  • Funding Amount: $3 million
  • Funding Type: Debt Funding
  • Fundraise Series: Not specified (but from the Green Basket Bond)
  • Date of Fundraise: Not mentioned
  • Funds/Investors:
    • Primary Investor: Symbiotics Investments (issuer of the Green Basket Bond)
    • Subscriber: British International Investment (BII)

Summary:

Dugar Finance has successfully raised $3 million in debt funding aimed at promoting electric vehicle and rooftop solar financing, particularly in underserved areas of India.

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2025-06-17 14:28:20