Investment13 Feb 2025, 04:56 pm
Ugro Capital secures ~INR 2,600 million in NCDs from FMO, strengthening Global Impact Alliance
AI Summary
UGRO Capital, a leading DataTech NBFC focused on MSME lending, has raised ~INR 2,600 million through Non-Convertible Debentures (NCDs) from FMO, the Dutch entrepreneurial development bank. The funds will be used to drive initiatives in women empowerment, address territorial inequalities, and foster youth empowerment. This is the second strategic financing collaboration between the two entities, reflecting FMO's commitment to fostering inclusive and sustainable prosperity by supporting entrepreneurs. UGRO Capital has a proven track record of extending credit to over 100,000 small businesses, significantly boosting business turnover and expanding employment across India’s MSME landscape.
Key Highlights
- UGRO Capital raises ~INR 2,600 million through NCDs from FMO
- Funds to be used for women empowerment, youth development, and bridging regional disparities in India’s MSME sector
- Second strategic financing collaboration between UGRO Capital and FMO
- UGRO Capital has extended credit to over 100,000 small businesses
- UGRO Capital diversifying its borrowing profile and reducing reliance on the Indian banking system