Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore

The deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 crore to acquire 76% of MSL, while the remaining Rs 17 crore will be paid later to secure full ownership of the company.
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