DebtFintechIndiaSep 16, 2026

UGRO Capital raises $45.6M Debt (India, Sep 2026)

$45.6M
Rs 380 crore

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Headline

MSME-focused lender UGRO Capital raises Rs 380 crore via NCDs from Dutch development bank FMO - Indian Startup News

About

UGRO Capital is an India-based DataTech NBFC specializing in MSME and small-business financing. They provide loans to small businesses with limited access to formal credit, using a proprietary underwriting model. This funding will be used to finance women-owned and youth-led businesses, and eligible green projects.

Article summary

MSME-focused lender UGRO Capital raises Rs 380 crore via NCDs from Dutch development bank FMO  Indian Startup News

Founder
Shachindra Nath
Shachindra Nath
founder
Investors · 1
FMOLead
FUND
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