Ugro Capital secures financing facility of USD 40 million from DFC

Ugro Capital has secured a $40 million financing facility from the U.S. International Development Finance Corporation (DFC), marking a crucial step in its efforts to scale operations. The funding will support Ugro's expansion in the SME sector, providing much-needed financial services to underserved small and medium enterprises (SMEs) across India. This partnership with DFC highlights the growing recognition of Ugro's innovative business model, which combines technology with traditional banking to address the financing gap in the SME market. The funds will also help the company meet its growth targets while advancing its mission of financial inclusion.