ADV, NewQuest-backed U Gro snags capital from Dutch investor

By Malvika Maloo

  • 19 Dec 2023
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Shachindra Nath, founder and MD, U Gro Capital

Non-banking lender U Gro Capital, which counts private equity firms ADV Partners an TPG NewQuest among its investors, has raised fresh debt capital from a European development finance institution. The company raised about Rs 250 crore ($30 million) by issuing non-convertible debentures to Dutch investor FMO. The debentures have a tenor of four years ......

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