Hot Pursuit     28-Mar-23
Ugro Capital to mull fund raising
A special committee of the board will consider fund raising on Thursday, 30 March 2023.
The meeting of the investment and borrowing committee of the board of directors is scheduled on Thursday, 30 March 2023, to consider raising funds by way of issuance of commercial papers.

Ugro Capital is an MSME lending fintech platform. It uses the emerging data tripod of GST, banking and bureau coupled with its sectoral analysis to solve the problem of credit for small businesses.

The company net profit soared 287% to Rs 13.12 crore on 122.6% jump in total income to Rs 189.59 crore in Q3 FY23 over Q3 FY22.

The scrip fell 1.18% to settle at Rs 146.30 on Monday, 27 March 2023.

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