NeoGrowth raises INR 300 Cr equity investment from FMO, Others


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RBI-registered non-banking financial company (NBFC) NeoGrowth has secured INR 300 Cr as equity investment from the Dutch entrepreneurial development bank FMO and existing investors. Of this, FMO invested INR 160 Cr in NeoGrowth’s equity funding round. NeoGrowth will use the fresh investment to expand in new markets, strengthen presence in existing markets and develop its digitally enabled products.