UGRO Capital raises Rs 250 crore from Asian Development Bank
Wed, Jan 31, 2024 3:46 PM

UGRO Capital raises Rs 250 crore from Asian Development Bank

A Flip by Shubhangi Gupta
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UGRO Capital, a non-banking finance company, has received 250 crore rupees in funding from Asian Development Bank through non-convertible debentures. This is the second such funding for the company in two days. It has previously raised an equal amount from Dutch entrepreneurial development bank, FMO. The company has managed assets worth 8,363.8 crore rupees as of December 2023.

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