We are happy to share that our member U GRO Capital has recently entered into a strategic partnership with the Wadhwani Foundation, a global non-profit organization. The partnership between the two organizations will mutually benefit the micro, small and medium enterprises that are predominantly present in education, healthcare, hospitality, electrical equipment, chemical, FMCG/food processing, auto component, and light engineering sectors.
COVID-19 has been hard-hitting but especially so for the SMEs in India. The problems they face are extensive such as lack of access to capital, drop in revenue to supply chain disruptions and others. A recent letter by Consortium of Indian Associations also stated that nearly 35% of these small businesses across the country might be on the brink of closing down.
The partnership aims to help U GRO Capital’s client base survive the current COVID crisis and thrive in a post-pandemic era. Wadhwani Foundation will work with these MSMEs to identify, consult, co-create and execute a pragmatic growth plan. MSMEs can benefit from this partnership by addressing their strategic, operational and development needs as part of the ‘Sahayata Stability Program’.
The Wadhwani Advantage Sahayata Stability Program will help SMEs navigate through this crisis towards survival and eventual success. The support will come in the form of business consulting, digital learning, management through its network of advisors and in-house transformation managers with deep experience across sectors and business functions.
U GRO Capital limited is a BSE listed, small business lending fintech platform. The company is focused on addressing the capital needs of small businesses operating in select eight sectors by providing customized loan solutions. U GRO Capital’s mission is to ‘Solve the Unsolved’ – Small Business Credit Need. U GRO Capital believes that the problem of small businesses can be solved by building deep expertise around core sectors of SMEs in India coupled with a data-centric, technology-enabled approach.