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UGRO Capital is acquiring a 100% stake in Profectus Capital for ₹1,400 crore in an all-cash deal.
UGRO Capital is a tech-driven MSME lender, focused on providing credit to small and mid-sized businesses across diverse sectors.
The deets: the company said that acquiring Profectus will instantly expand its Assets Under Management (AUM) by 29%.
AUM refers to the total value of loans or investments a company is handling, essentially, a measure of the size of its lending business.
The move supports UGRO’s strategy to diversify its loan book, expand into emerging markets, and deepen its presence in embedded finance. It also opens up new lender relationships through access to Profectus’ network of private and small finance banks.
