Blue Earth leads Rs 200 crore investment in GrowXCD

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Swiss impact investment firm Blue Earth Capital and Amsterdam Stock Exchange-listed Prosus Ventures and others have together invested about Rs 200 crore in Chennai-headquartered GrowXCD Finance, a startup lender to small businesses.

Blue Earth Capital led the funding round, investing Rs 105 crore, while Prosus put in Rs 70 crore, GrowXCD Finance’s founder-cum-managing director, Arjun Muralidharan, told ET.

Lok Capital, which first invested in the non-bank lender in November 2023, has raised its stake in the company with Rs 21 crore. UC Impower put in…



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Blue Earth leads Rs 200 crore investment in GrowXCD



Swiss impact investment firm Blue Earth Capital and Amsterdam Stock Exchange-listed Prosus Ventures and others have together invested about Rs 200 crore in Chennai-headquartered GrowXCD Finance, a startup lender to small businesses.

Blue Earth Capital led the funding round, investing Rs 105 crore, while Prosus put in Rs 70 crore, GrowXCD Finance’s founder-cum-managing director, Arjun Muralidharan, told ET.

Lok Capital, which first invested in the non-bank lender in November 2023, has raised its stake in the company with Rs 21 crore. UC Impower put in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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