When was Dvara Holdings founded?

Dvara Holdings was founded in 2008.

Where is Dvara Holdings' headquarters located?

Dvara Holdings' headquarters is located in Chennai (India).

How big is Dvara Holdings' investment team?

Dvara Holdings has a team of 25, including 7 partners.

How many companies has Dvara Holdings invested in?

Dvara Holdings has invested in 17 companies, including Jana Small Finance Bank & Northern Arc Capital.

Which companies has Dvara Holdings invested in lately?

Dvara SmartGold & Pahal Financial Services are the latest investments by Dvara Holdings.

How many exits has Dvara Holdings been involved in?

Dvara Holdings' portfolio has seen 4 IPOs.

Dvara Holdings - 2026 Investor Profile, Portfolio, Team & Investment Trends

Dvara Holdings, an accelerator and incubator program founded in 2008, is based in Chennai, India. With a presence in 1 country, it has supported around 17 startups in sectors like Financial Services, Real Estate and Construction. As of Oct 2026, Dvara Holdings has witnessed 4 portfolio exits. Most notable companies in its portfolio include Jana Small Finance Bank, Northern Arc Capital and AYEFin. The program is backed by a team of 25 people who primarily support Conventional Debt startups based in India. Its latest investment was a $2M Seed round in Dvara SmartGold on Feb 03, 2022 along with Axilor Ventures.

Key Metrics

Founded Year

2008

Location

Chennai, India

Portfolio Companies

Jana Small Finance Bank, Northern Arc Capital & 15 more

Sectors of Investment

Financial Services, Real Estate and Construction & 3 more

Stages of Investment

Conventional Debt, Seed & 2 more

Locations of Investment

India

View Dvara Holdings's full profile

Dvara Holdings has a portfolio of 17 companies. Their most notable investments are in Dvara SmartGold and Educational Initiatives.Their portfolio spans across and India. They have invested in Financial Services, Real Estate and Construction, FinTech and 2 other sectors, across stages such as Conventional Debt, Seed and 2 more. Here is the list of top investments by Dvara Holdings:

1. Jana Small Finance Bank

Provider of banking services including savings accounts loans and deposits. The institution offers various financial products such as current accounts, fixed deposits, and recurring deposits. It facilitates fund transfers through electronic payment systems and provides credit facilities including vehicle, gold, and home loans. Additionally, the entity offers insurance products and investment options for individuals and business entities. Customers access these services through digital banking platforms or physical branches.

Key facts about Jana Small Finance Bank

Founded Year: 2006
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $813M
Employee Count: 25,381 as on Mar 31, 2025
Investors: HDFC Mutual Fund, HarbourVest Partners and 86 Others
Latest Funding Round: Conventional Debt, Dec 2025, $*****
Highlight: Public

2. Northern Arc Capital

Provider of household and business loans. Its services include market research and fund management. Its business model operates with a risk management framework that uses quantitative data analytics and qualitative assessment & monitoring. The Company operates a differentiated credit model that combines Direct-to-Customer lending with a credit solutions for origination partners.

Key facts about Northern Arc Capital

Founded Year: 2008
Location: Chennai (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $315M
Employee Count: 1,126 as on Mar 31, 2026
Investors: Affirma Capital, 360 One and 34 Others
Latest Funding Round: Venture Debt, Jun 25, 2024, $*****
Highlight: Public

3. AYEFin

Aye Finance is an organization focused on empowering the economic transformation of micro enterprises. They provide business loans to micro and small businesses.

Key facts about AYEFin

Founded Year: 2014
Location: Gurugram (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Stage: Public
Total Funding till date: $164M
Employee Count: 10,456 as on Aug 31, 2025
Investors: Goldman Sachs, CapitalG and 47 Others
Latest Funding Round: Series G, Sep 20, 2024, $*****
Highlight: Public

4. SK Finance

Provider of vehicle and business loans services. The firm offers commercial vehicle loans, car loans, tractor loans, two-wheeler loans, construction equipment loans, secured business loans, and home renovation mortgage loans. These target individuals, businesses, and enterprises with competitive rates and flexible repayments.

Key facts about SK Finance

Founded Year: 1994
Location: Jaipur (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series G
Total Funding till date: $370M
Employee Count: 12,969 as on Aug 31, 2025
Investors: Evolvence Equity Partners, Motilal Oswal and 75 Others
Latest Funding Round: Series G, Sep 13, 2023, $*****
Highlight: Editors' Pick

5. Fibe

Provider of personal loans, credit lines, and financial wellness solutions. It offers individuals access to various credit products and tools. These include personal loans, credit cards, and employee financial wellness programs. The company facilitates access to credit and resources for managing personal finances.

Key facts about Fibe

Founded Year: 2015
Location: Pune (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Valuation: $*****
Stage: Series F
Total Funding till date: $250M
Employee Count: 1,856 as on Jul 31, 2025
Investors: Chiratae Ventures, Innoven Capital and 49 Others
Latest Funding Round: Series F, Dec 09, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Dvara Holdings has invested in 17 companies over the last 18 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Dvara SmartGold and most recent follow-on round was in Pahal Financial Services.

Here are Dvara Holdings' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	0	0	0
2023	0	0	0
2022	1	0	1
2021	0	0	0
2020	0	0	0
2019	2	1	3
2018	1	1	2
2017	3	1	4

View all investments by Dvara Holdings

Dvara Holdings has made 9 investments in Conventional Debt stage with an average round size of $9.11M, 2 investments in Seed stage with an average round size of $1.65M, 1 investment in Series E stage with an average round size of $19.7M and 1 investment in Venture Debt stage.

Here are Dvara Holdings' investments by stage:

Stage of entry	No. of Investments
Conventional Debt	9
Seed	2
Series E	1
Venture Debt	1

Note: We have considered here, only first round of investments

View all investments by Dvara Holdings

Dvara Holdings has a diverse portfolio, with companies operating in the Financial Services, FinTech, Sustainability Tech, Consumer and EdTech. Notably, it has invested in 11 Consumer (B2C) companies, 10 Enterprise (B2B) companies, 8 Tech companies and at least 2 companies focusing on Social impact.

Here are Dvara Holdings' investments by sector:

Sector	No. of Investments
Financial Services	11
FinTech	5
Sustainability Tech	3
Consumer	1
EdTech	1

Note: We have considered here, only first round of investments

View all investments by Dvara Holdings

Dvara Holdings has made most investments in India (13).

View all investments by Dvara Holdings

Dvara Holdings has not made any investment in 2026 so far.

Here are the most recent investments by Dvara Holdings:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Feb 03, 2022	Dvara SmartGold	India	Seed	7417	Axilor Ventures
Jun 26, 2019	Pahal Financial Services	India	Conventional Debt	7747	-
Apr 22, 2019	Dvara KGFS	India	Series E	4093	LeapFrog Investments [+3]
Mar 01, 2019	Satyamicrocapital	India	Conventional Debt	6303	Unifi
Jul 12, 2018	Pahal Financial Services	India	Conventional Debt	3248	-

See more recent investments made by Dvara Holdings

4 of Dvara Holdings' portfolio companies have become public. AYEFin got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Feb 2026 at marketcap of $350M and Northern Arc Capital got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $507M.

Here are Dvara Holdings' portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
AYEFin	Feb 16, 2026	Jan 24, 2018	Conventional Debt	8705
Northern Arc Capital	Sep 24, 2024	-	-	6885
Jana Small Finance Bank	Feb 14, 2024	Aug 11, 2015	Conventional Debt	3555
Suryoday Small Finance Bank	Mar 26, 2021	Apr 10, 2015	Conventional Debt	4330

View more details about public companies in Dvara Holdings' portfolio

Dvara Holdings has a team of 25 members including 7 Partners and 6 Principals located in India. Dvara Holdings' team sits on the board of 7 companies.

Here is a list of top team members in Dvara Holdings:

Name	Designation	Location	Board Memberships	Contact Details
Bindu Ananth	Partner	Chennai	NeoGrowth and Dvara Money	1 Email
Rajeev G Kaimal	Partner	Chennai	PayAgri	-
Vijay Chand	Partner	Mumbai	-	1 Phone number
Madhusudhanan Srinivasan	Partner	Bengaluru	-	1 Phone number
Arjun Raychaudhuri	Partner	Delhi	Planetcast, Mille super grains and 1 more	1 Phone number
Roshni Reddy	Partner	India	-	1 Email
Vijayaraghavan Venkatesan	Partner	Chennai	-	-
Vinay Subramanian	Principal	India	Ecom Express and Motherhood	1 Phone number
Avishek Gupta	Principal	Hyderabad	-	-
Rahuveer R	Principal	Bengaluru	-	1 Email

View team details of Dvara Holdings

Over the past 18 years, 372 investors have co-invested in Dvara Holdings's portfolio companies. This includes funds and angels.

Invested before Dvara Holdings: Lok Capital, BlueOrchard and 121 others have invested in rounds before Dvara Holdings. There are 2 companies where Lok Capital has invested before Dvara Holdings and 2 companies where BlueOrchard has invested before Dvara Holdings.
Top Co-investors of Dvara Holdings: 21 investors entered a company along with Dvara Holdings. These include investors like HDFC Mutual Fund (1 company).
Invested after Dvara Holdings: A total of 228 investors have invested in Dvara Holdings's portfolio after their investments. Top Investors include Northern Arc Capital (5 companies) and FMO (4 companies).