Portfolio Partner Profile
U GRO Capital
U GRO Capital Limited is an India-based, data tech, small business lending platform founded in 2018 with the mission, “to solve the unsolved.” Specifically, the organization aims to resolve India’s $600 billion+ small and micro enterprise credit need. The company focuses on addressing capital needs by providing loan solutions to small businesses in the following eight sectors: Healthcare, Education, Chemicals, Food Processing and Fast-Moving Consumer Goods, Hospitality, Electrical Equipment and Components, Auto Components, and Light Engineering. U Gro strives to build a strong small business financing platform based on deep understanding of the eight sectors coupled with a fully integrated technology and analytics platform. U GRO Capital’s data analytics and strong technology architecture allows for customized sourcing platforms for each sourcing channel. The company has pioneered the "Lending as a Service" model in India and effectively operationalized co-lending relationships with 10+ large public sector banks and large non-bank financial companies.
Featured Impact Story
Two members of our staff, Diego Valdivia and Daniel Ford, recently visited the Ugro branch in Mumbai, India. In the photo above, U Gro team members are explaining how the different teams are positioned at the Mumbai branch.
Enabling Business Resilience and Expansion
India has been battling the COVID-19 pandemic, relying heavily on healthcare workers and medical professionals to provide medical relief and assistance. Specifically, the Healthcare industry experienced a surge in demand for essential goods and services during the pandemic. Besides the increase in need for medical professionals and facilities, the demand for medical supplies increased exponentially as the Healthcare industry struggled to meet the needs of patients.
Arun’s pharmacy, Unnat, was one of many small businesses operating tirelessly to meet the healthcare demands caused by the pandemic. Arun provides medicines and medical materials to those in need. He approached U Gro Capital in search of funds to help meet the rise in demand and supply chain issues. With the loan from U Gro Capital, Arun’s profitability doubled as he has been able to expand the products that his business offers. To Arun, the funds from U Gro Capital gave him the confidence to successfully run his business and cater to customers throughout the pandemic. His products will soon be available on Amazon and Flipkart as Arun aims to scale his business across the country and fulfill his vision of meeting the medical supply needs of his customers.