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UGRO CAPITAL ACQUISITION
UGRO Capital is ditching low-yield lending; founder on plan to triple returns by FY29UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting profitability. This move, involving s...
UGRO Capital targets lower funding costs by FY27 amid moderating growth, MD saysUGRO Capital plans to lower its borrowing expenses by 1.25% by FY27. The company will focus on repricing liabilities and improving terms. T...
Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, othersThe firm plans to use the funding to scale its team and enhancing tech offerings such as ‘autopilot’ financing, which enables startups and ...
Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via dealWhile the company did not disclose the deal size, sources pegged it at around $200 million, with all the existing investors of Axio making ...
UGRO Capital elevates Anuj Pandey to CEOUGRO Capital, a datatech NBFC specializing in MSME lending, has appointed Anuj Pandey, currently the Chief Risk Officer, as its new CEO. Pa...
UGRO Capital shares rally 7% as firm to acquire Profectus Capital for Rs 1,400 crore cash dealUGRO Capital's shares surged following the announcement of its acquisition of Profectus Capital for Rs 1400 crore. This all-cash deal is ex...
Stocks in news: Hindustan Zinc, UGRO Capital, Delhivery, M&M, Vishal Mega MartIndian markets experienced a slight downturn, with several companies making headlines. Vedanta plans to sell shares in Hindustan Zinc, whil...
UGRO Capital to acquire Profectus Capital for Rs 1,400 crore cash dealNon-bank lender UGRO Capital is all set to acquire Profectus Capital Private Limited for Rs 1400 crore in an all-cash deal, the company ann...
UGRO Capital to acquire Profectus Capital for ₹1,400 crUGRO Capital has acquired Profectus Capital for ₹1400 crore in an all-cash deal, making Profectus a wholly owned subsidiary. This acquisiti...
Amazon to acquire fintech lending startup Axio in a $200 million all-cash dealAxio announced in a blog post that it had signed an agreement with Amazon for a proposed acquisition in December, following the successful ...
ETSA Startup of the Year Lenskart; consumer lending fintechs’ FY24 reportLenskart CEO Peyush Bansal outlined the company's expansion plans, including a new manufacturing plant in southern India, in an exclusive i...
Tech-based NBFCs try a balancing act after RBI action on unsecured loansNBFCs like DMI Finance, Vivriti Capital and InCred Capital expanded unsecured retail and small business lending, leveraging strong fintech ...
IPO-bound cos wary after poll results; NBFCs’ balancing actHappy Friday! New-age firms planning to go public are moving cautiously as stock market volatility remains a concern after the 2024 general...
Longer-term bullish trend continues on capex & cable-related stocks: Sanjiv BhasinSanjiv Bhasin, Director at IIFL Securities, discusses the bullish trend in stocks, particularly in capex and cable-related sectors. He high...
Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 croreThe deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 cror...
Here's why Hemang Jani is bullish on NBFC stocksIn fact, this entire PSU rally that we have seen for almost now about six months or so, it has been quite surprising for a lot of us. Thoug...
Stocks in news: Zee Learn, Ugro Capital, Piramal Ent, Power GridZee Learn said an insolvency petition has been filed by Axis Bank to initiate the corporate insolvency resolution process (CIRP) of the com...