UGRO Capital Secures Rs 1,265 Crore Capital Injection Through CCDs and Warrants

UGRO Capital Limited, a non-banking financial company (NBFC) dedicated to serving micro, small, and medium enterprises (MSMEs), has achieved a significant milestone by raising Rs 1,265 crore in fresh capital. This accomplishment was facilitated through the issuance of compulsory convertible debentures (CCDs) and warrants.

Key Investors Fuel UGRO Capital’s Growth

The fundraising round garnered substantial backing from existing private equity investor Samena Capital, which committed Rs 500 crore. Additionally, prominent institutional investors, including Aregence, and several leading Indian family offices actively participated in this capital infusion.

Strategic Capital Raise for Ambitious Goals

The endorsement for this value capital raise, at first designated at Rs 1,332.66 crore, was conceded during an UGRO Capital executive gathering held in May 2024. Sharing his energy about this turn of events, Shachindra Nath, Organizer and Overseeing Overseer of UGRO Capital, commented, “Our immovable vision has forever been to lay out an information driven loaning establishment with institutional possession, free oversight, and expert administration, at last open to public market financial backers. This capital imbuement carries us closer to understanding our objective of engaging all private companies across India.”

Enhancing Lending Capabilities for MSMEs

This strategic move aligns perfectly with UGRO Capital’s core objective of strengthening its lending capabilities to cater to the diverse needs of MSMEs across various sectors in India. The company leverages a data-centric approach to tailor loan solutions for individual businesses and fosters co-lending partnerships with major banks and other NBFCs to expand its reach and offerings.

Expanding Market Presence Through Acquisition

Further cementing its market position and widening its administration portfolio, UGRO Capital recently declared the securing of MyShubhLife, a Bengaluru-based implanted finance stage, for a venture worth of Rs 45 crore. Organized as a 64:36 value cash exchange, the procurement was endorsed by the board in May 2024. MyShubhLife will currently work as an entirely possessed auxiliary of UGRO Capital. This essential move positions UGRO Capital for proceeded with development and a more extensive set-up of monetary answers for MSMEs.