UGRO Capital and US International Development Finance Corporation Partner to Empower MSMEs with USD 40 Million Investment

UGRO Capital, a leading DataTech NBFC focused on MSME lending, has signed a commitment letter with the United States International Development Finance Corporation (DFC) for a USD 40 million (approx. INR 3300 million) loan. This investment will enable UGRO Capital to bolster its lending efforts to small and medium-sized businesses across India, with a focus on empowering women-owned enterprises. The financing facility from DFC marks the third impact deal for UGRO within a year, following Non-Convertible Debentures (NCDs) from the Asian Development Bank (ADB) and FMO, the Dutch entrepreneurial development bank. DFC’s support will enable UGRO Capital to direct approximately 70% of the funding to 2X qualifying businesses (women-owned or led), and at least USD 5 million of the proceeds will support new-to-credit borrowers, with the backing of the CGTMSE Guarantee.