Ugro Capital has raised â‚ą250 crore through Non-Convertible Debentures (NCDs) from FMO, the Dutch entrepreneurial development bank
Economy Business
Shachindra Nath, Founder and Managing Director of Ugro Capital, commented on the collaboration, saying, “This transaction is proof of Ugro Capital’s ability to forge partnerships with and attract funding from reputed global DFIs. We share a common vision of financial inclusion with impact funding organizations and are excited to collaborate with FMO to meet the diverse financial needs of India’s underserved MSMEs.”
The company has been focused on bridging the credit gap in the country’s MSME sector.
Ugro Capital has raised â‚ą250 crore through Non-Convertible Debentures (NCDs) from FMO, the Dutch entrepreneurial development bank.
his transaction is proof of Ugro Capital’s ability to forge partnerships with and attract funding from reputed global DFIs.
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