• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

DMI secured $123M from South Korean gaming company Nexon

by Udit
April 24, 2020
in News
Reading Time: 1 min read
0
accounting
TwitterWhatsappLinkedin

DMI Group, a Delhi based NBFC Group has now secured funding of $123 million from the South Korean gaming company Nexon.

You might also like

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

GenAI Takes Center Stage in Netflix Shows and Films

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

This round of equity is led by the DMI Limited, the holding company of the Indian lending arms of DMI. The investment of DMI Limited was, in turn, led by the NXC Corporation, said the announcement.

DMI, as of now, has plans to use the fresh funding to accelerate its balance sheet growth in the digital consumer and micro, small and medium enterprises finance businesses. With more than 300 million Indians waiting to be “fin-cluded”, Nexon will be able to financial technology segment in India.

“NXC sees this as an opportunity to have an impact on financial inclusion in India where a large part of the population is locked out of the formal credit markets,” it added.

A DMI spokesperson, said,

“The past 18 months have been a complex operating environment for financial services companies – from the liquidity crisis engendered by the IL&FS default to the economic repercussions of COVID-19. Throughout this period, DMI has been able to continually raise substantial capital and has added $343 million of equity capital and $350 million of FPI- subscribed NCDs. N.I.S New Investment Solutions, the largest shareholder in DMI Limited, participated in each of those funding rounds.”

Tags: DMI
Tweet55SendShare15
Previous Post

Oyo in India Cuts Employee Salaries Through July, Offers Leave

Next Post

Indusface secured $5M from Tata Capital Growth Fund II

Udit

Recommended For You

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

by Anochie Esther
July 20, 2025
0
Kennedy

Five months into his tenure as Secretary of Health and Human Services (HHS), Robert F. Kennedy Jr. has set his sights on a quiet but critical pillar of...

Read more

GenAI Takes Center Stage in Netflix Shows and Films

by Sneha Singh
July 20, 2025
0
GenAI Takes Center Stage in Netflix Shows and Films

Netflix has achieved an unpublicized milestone that could change the manner in which movies and television are made. The streaming giant announced Thursday that it successfully used artificial...

Read more

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

by Anochie Esther
July 20, 2025
0
JFSL

In a landmark move poised to reshape India's insurance landscape, Jio Financial Services Ltd (JFSL) and Germany-based Allianz Group have entered into a binding agreement to form a...

Read more
Next Post
Indusface secured $5M from Tata Capital Growth Fund II

Indusface secured $5M from Tata Capital Growth Fund II

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?