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UGRO Capital operates as a pioneering DataTech Non-Banking Financial Company (NBFC) focused on providing financing to Micro, Small and Medium Enterprises (MSMEs) in India. The company employs advanced data analytics and a proprietary GRO Score 3.0 underwriting model. This model assesses creditworthiness by analyzing banking, credit bureau, and GST records, enabling tailored and efficient credit solutions.
Founded in 2018 by Mr. Shachindra Nath, UGRO Capital was established with the core insight of addressing the substantial credit gap faced by small businesses across India. Nath aimed to empower this underserved segment by offering accessible, technology-enabled financing.
UGRO Capital serves a diverse base of MSMEs across targeted sectors like Healthcare, Education, and Food Processing. The company's vision is to become India's leading small business financing institution. It strives to "Solve the Unsolved" credit challenges, thereby fostering widespread financial inclusion and supporting sustained business growth.
Key people at U GRO CAPITAL.
U GRO CAPITAL was founded in 2018 by Anuj Pandey (Co-Founder and CRO) and Shachindra Nath (Founder and Managing Director) and Sathiayan Jaichandran (Co-Founder and CBO).
U GRO CAPITAL has 3 tracked investments across 2 companies. The latest tracked deal is $100K Seed in TubStays in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 2, 2025 | TubStays | $100K Seed | U GRO Capital | — |
| Sep 30, 2025 | Recur Club | $50.0M Debt / Other Equity | Finvolve, Amit Behl, LC Nueva, Physis Capital, String Ventures | InCred Finance |
| Apr 19, 2022 | Recur Club | $30.0M Seed | Amit Behl, Village Global | Aditya Birla Finance, InCred Finance |
Key people at U GRO CAPITAL.
U GRO CAPITAL was founded in 2018 by Anuj Pandey (Co-Founder and CRO) and Shachindra Nath (Founder and Managing Director) and Sathiayan Jaichandran (Co-Founder and CBO).
