Amicus, CAM assists DMI Finance on its equity fundraising

DMI Finance Private Limited (DMI Finance) closed an approximately ₹3,293.7 crores ($400 million) equity investment round led by Mitsubishi UFJ Financial Group, Inc. through its consolidated subsidiary MUFG Bank, Ltd (MUFG).

Amicus Advocates and Solicitors acted as legal counsel to DMI Finance in this equity fund raise.

The transaction team was led by Shivi Rastogi (Managing Partner).

Cyril Amarchand Mangaldas advised the DMI Group on the  vendor due diligence exercise in relation to DMI Finance, and its group and associate companies, collectively holding a RBI NBFC, RBI pre-paid payment instrument (PPI) and SEBI Merchant Banking license. 

The team was led by Anu Tiwari (Partner), Jian Johnson (Partner); with support from Utkarsh Bhatnagar (Principal Associate), Karthik Narayanan (Associate), Himani Doot (Associate), Shubhaankar Ray (Associate) and Riddhi Swami (Associate). 

The employment team was led by Ankita Ray (Partner), with support from Luv Saggi (Senior Associate); and Sonam Ambastha (Associate).

The round saw participation from existing investor Sumitomo Mitsui Trust Bank Limited. This round includes primary and secondary transactions.

DMI Finance is a pure-play digital lender with products including consumption, personal and MSME loans. It leverages technology to optimize every step in the lending stack, from sales and underwriting through to customer service and collections.

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