DMI Finance Private Limited (DMI Finance) on Tuesday announced the closure of a $47 million equity investment round, which included new investor Sumitomo Mitsui Trust Bank Limited. (SuMi TRUST Bank).
This equity raised by DMI Finance takes its total equity base to $ 500 million. SuMi TRUST Bank joins existing investors in DMI Finance including New Investment Solutions and NXC Corporation.
Founded in 2008, DMI Finance is the Non-Banking Financial Company (“NBFC”) of the DMI Group and has been a lender in India since 2009.