Corporate News     05-Apr-23
Ugro Capital launches GRO X App for aiding instant loans to MSMEs
Ugro Capital announced the launch of GRO X App, a credit line on UPI for MSMEs. It will enable small business owners, retailers, traders, professionals, and small manufacturers across India to obtain collateral-free instant credit for immediate working capital requirements and to manage their financial liquidity. The Company has recently unveiled its first brand campaign to demonstrate its technological prowess, superior underwriting, and instant loan solutions for last-mile MSMEs.

Over 63 million MSMEs in India today employ more than 110 million people and account for nearly 30 percent of the country's GDP. However, a lack of timely credit prevents them from realising their potential. U GRO Capital's newly launched GRO X App aims to address this small business credit need by utilising data analytics and technology to provide flexible and affordable credit to MSMEs.

Previous News
  Ugro Capital rises after board allots commercial papers
 ( Hot Pursuit - 21-Jun-23   11:45 )
  Ugro Capital raises Rs 10 cr via CPs
 ( Corporate News - 19-Apr-23   20:03 )
  Ugro Capital approves issuance of NCDs up to Rs 135 cr
 ( Corporate News - 18-May-24   12:40 )
  UGRO Capital to hold board meeting
 ( Corporate News - 01-Jul-23   10:40 )
  U GRO Capital to raise Rs 100 cr via NCDs
 ( Other Markets - Debt Markets 06-Sep-22   14:25 )
  Ugro Capital allots NCDs aggregating Rs 50 cr
 ( Corporate News - 18-Sep-23   15:12 )
  Ugro Capital allots commercial paper aggregating Rs 10 cr
 ( Corporate News - 20-Jun-23   19:23 )
  Ugro Capital allots NCDs worth Rs 50 cr
 ( Hot Pursuit - 18-Sep-23   15:03 )
  Ugro Capital standalone net profit rises 292.90% in the March 2022 quarter
 ( Results - Announcements 25-May-22   08:31 )
  Ugro Capital board to mull fund raising on 25 Mar
 ( Hot Pursuit - 23-Mar-22   09:16 )
  Ugro Capital to raise up to Rs 70 cr via NCD issue
 ( Corporate News - 22-Sep-22   12:33 )
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