U GRO Capital disburses Rs 500 crore of debt since January

U GRO Capital, a tech-enabled lender to small businesses, has disbursed Rs 500 crore of debt to about 1,000 customers since January this year.

The firm’s disbursals rose to Rs 218 crore in the first quarter of FY20 from Rs 64 crore in Q4 FY19, and ended the quarter with an annualised disbursal rate of Rs 1,200 crore.