The Asian Development Bank has bolstered U Gro Capital with a significant $30M investment through non-convertible debentures.
- Not Their First Rodeo: This isn’t U Gro Capital’s first partnership with a global development finance institution – they secured a similar investment from FMO, the Dutch entrepreneurial development bank, in December 2023.
- Cutting-edge Technology: At the forefront of U Gro Capital’s offerings is the Gro Score, an advanced scoring model utilizing AI and machine learning to enable precise customer assessments for tailored financing solutions.
- Collaborative Growth: The company’s “lending-as-a-service” model ushers in a new era of financial collaboration, working alongside over 10 public sector banks and prominent NBFIs to facilitate co-lending opportunities.
- Leadership with Vision: Shachindra Nath, U Gro Capital’s founder and MD, recognizes impact investors as indispensable allies in addressing India’s considerable MSME credit gap.
- Financial Milestones: As of December 2023, Ugro Capital boasts an impressive asset under management portfolio of around $1B. Over the past five years, they’ve raised $1.1B in equity and debt.
Their efforts have reached approximately 90,000 small businesses, spanning eight different sectors, demonstrating Ugro Capital’s influence on India’s economic landscape.
