FinTech

Fintech Startup U Gro Gets Rs 100 Crore Funding From Sachin Bansal, Poonawalla family

U Gro Capital has a business model where they lend to MSMEs, a model being adopted by a number of startups. The company claims to have disbursed loans to around 1,000 customers, amounting to Rs 600 crore. The projected figure for the current financial year 2019-20 is Rs 1,200 crore based on the performance in the first quarter.