UGRO Capital Limited, a leading technology-enabled small business lender, has raised INR 340 crore through a private placement offering of INR 240 crore and QIP of up to INR 101 crore. SNG & Partners represented UGRO Capital in the transaction. UGRO Capital intends to use the proceeds from the funds raised to primarily provide onward lending to the MSME segment and take credit to the last mile.