UGRO Capital Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
UGRO Capital Limited - overview
Established
1993
Location
Mumbai, Maharashtra, India
Primary Industry
Financial Services
About
UGRO Capital Limited, based in India, specializes in providing financial solutions tailored for Micro, Small, and Medium Enterprises (MSMEs), facilitating their access to credit through a variety of innovative lending products. UGRO Capital Limited, founded in 1993 in Mumbai, India, focuses on delivering financial services to MSMEs. The company has executed a total of 8 deals, with the most recent one occurring on June 18, 2024. In this deal, Samena Capital invested INR 5 billion through warrants.
The firm has raised a total of INR 5 billion, coinciding with its latest PIPE funding round. Shachindra Nath is the founder of UGRO Capital, bringing experience from previous ventures. UGRO Capital Limited offers a diverse range of financial products specifically designed for Micro, Small, and Medium Enterprises (MSMEs) in India. Their core offerings include loans against property, unsecured business loans, financing for machinery and equipment, rooftop solar finance, retailer finance, and supply chain financing.
These products aim to support MSMEs in capital investment for operational growth, technology upgrades, and sustainable energy solutions, catering to over 233,000 customers primarily in urban and semi-urban areas. In 2023, UGRO Capital reported a revenue of INR 65,990,775. 70 and an EBITDA of INR 49,184,114. The company's revenue generation primarily stems from providing tailored financing solutions to businesses under a B2B model, where loans are directly issued to fulfill specific financial needs.
This model encourages repeat engagements as businesses continue to grow and seek additional financial assistance. In June 2024, UGRO Capital plans to utilize the INR 5 billion investment from Samena Capital to expand its offerings and enhance market reach. This funding will support the development of new financial products aimed at addressing the evolving needs of MSMEs. The company is also looking to expand its presence in additional urban and semi-urban markets across India, enhancing its service capabilities by the end of 2025.
Current Investors
TPG NewQuest, Indgrowth Capital, ADV Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Consumer Finance, Accounting Services
Website
www.ugrocapital.com/
Verticals
FinTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
UGRO Capital Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Profectus Capital Private Limited | - | ||||||||
| PIPE | Completed | UGRO Capital Limited | - | ||||||||
| Add-on, Trade Sale | Announced | MyShubhLife | - | ||||||||
| PIPE, Secondary Buyout | Completed | UGRO Capital Limited | - | ||||||||
| Add-on | Announced | Religare Finvest Ltd. | - |
Displaying 1 - 5 of 8
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.