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BSE-listed small business lending platform U Gro Capital has paid back Rs 50 crore debt to a company owned by Sachin Bansal before the maturity date.
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SME Loan Specialist U GRO Taps Into Women-Owned Enterprises; Dispatches New Plan
#SME Loan Specialist# UGRO Taps Into #Women-Owned Enterprises; Dispatches New Plan #WomenEntrepreneurship
Sachin Bansal sponsored private venture loaning stage U GRO on Monday launched an unbound SMEloaning item called Narayani for ladies business visionaries. Through this, the organization would offer a 0.50% lesser Risk Assets Acceptance Criteria (RAAC) rate “contrasted with the rates offered by other SME loaning items accessible for women business people,” the organization said. Ladies possessed…
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U GRO Capital Signs SME Loan Co-Origination Agreement with State Bank of India
#UGRO Capital Signs #SME_Loan Co-Origination Agreement with #StateBankofIndia #SBI
U GRO Capital, a BSE listed, technology-enabled small business lending platform, entered into a loan co-origination partnership with State Bank of India. The agreement was signed by Mr. Jayanta Deb Majumdar, General Manager, SBI and Mr. Shachindra Nath, Executive Chairman of U GRO Capital, in Mumbai.
The collaboration will work towards offering credit at a competitive rate of interest with a…
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Fintech Startup U Gro Gets Rs 100 Crore Funding From Sachin Bansal, Poonawalla family
#Fintech #Startup #UGro Gets Rs 100 Crore #Funding From #SachinBansal, Poonawalla family
Flipkart co-founder Sachin Bansal and the Poonawalla family will jointly invest Rs 100 crore in technology-enabled small businesses lending platform U Gro Capital.
According to The Economic Times, the transaction will be undertaken through two separate securitisation and bond deals. The securitisation deal has already been done with Poonawalla Finance, which owns India’s largest vaccine maker…
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