Fundz

U GRO Capital raised $159M in a convertible note for MSME lending

May 30, 2024

Amount Raised

$159 Million

Round Type

Convertible Note

MumbaiFinancial ServicesFinanceBanking

Description

U GRO Capital, a DataTech NBFC, has secured an equity capital raise of $159 million through Compulsory Convertible Debentures and Warrants. The funds will support the company's growth and next year's expansion.

Quick answer

Ugro Capital Limited raised $159 Million in a Convertible Note round, dated May 30, 2024. Ugro Capital Limited is based in Mumbai, Maharashtra, India.

How much did Ugro Capital Limited raise?
Ugro Capital Limited raised $159 Million in a Convertible Note round on May 30, 2024.
What does Ugro Capital Limited do?
Ugro Capital Limited is a financial services company that offers a range of loan solutions including secured and unsecured business loans.
Where is Ugro Capital Limited based and how big is it?
Ugro Capital Limited is based in Mumbai, Maharashtra, India. Fundz records about 1,969 employees.
Who are the decision-makers at Ugro Capital Limited?
Fundz holds 1 contact at Ugro Capital Limited. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Ugro Capital Limited that raised within 45 days of this round, from Fundz verified event records.

  • GBank Financial Holdings raised $3.3M on June 25, 2024.
  • Curve raised $250M (Corporate Round) on June 24, 2024.
  • Jupiter raised $2.4M (Series A) on June 20, 2024.
  • Celcoin raised $125M on June 18, 2024.
  • Shivalik Small Finance Bank raised $13M (Seed) on June 18, 2024.
  • Celcoin raised $111M on June 12, 2024.

Who to call at Ugro Capital Limited, and when

A new round usually means Ugro Capital Limited is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Ugro Capital Limited raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Ugro Capital Limited, from your own LinkedIn network

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Company Information

Company

Ugro Capital Limited

Location

Mumbai, Maharashtra, India

About

Ugro Capital Limited is a financial services company that offers a range of loan solutions including secured and unsecured business loans. The company focuses on providing tailored financing options to small and medium enterprises in India. Ugro Capital is known for its innovative approach in assessing creditworthiness. They aim to improve access to capital through technology-driven platforms.

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Related People

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Ugro Capital Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.