“Digital lending platform NeoGrowth raises $47 mn in equity funding: Mumbai-headquartered non-banking financial company (NBFC) NeoGrowth Credit Pvt. Ltd, which provides flexible loans to merchants and offers automated repayment options, has secured Rs 300 crore ($47 million) in equity funding from investors led by LeapFrog Investments,” reported VCCircle. The round had also included existing investors Aspada Investment Company and Quona Capital via the Accion Frontier Inclusion Fund.
Shardul Amarchand Mangaldas & Co advised existing investor,
In 2014, Khaitan & Co had acted for NeoGrowth.
2018-01-18
Deal value: US$ 46.4 million
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