MSME-focused U GRO Capital raises $18.5 mn from Swiss impact investor

Fintech platform U GRO Capital Ltd, which is focused on micro, small and medium enterprises (MSMEs), on Monday said it has raised Rs 138 crore (around $18.5 million) as its first impact-focused debt capital from Swiss firm responsAbility. The company plans to use the fresh funds to back MSME-focused companies in India.