UGRO Capital raises Rs 380 Cr from Dutch development bank to expand MSME lending

MSME-focused datatech lending platform UGRO Capital Limited has raised Rs 380 crore through the issuance of 38,000 senior, secured, rated, listed, redeemable and transferable non-convertible debentures (NCDs), fully subscribed by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), a Dutch entrepreneurial development bank. According to a press release, this marks FMO’s third investment in UGRO Capital in less than three years, following NCD investments of Rs 250 crore in D