{"id":21899,"date":"2022-02-07T21:08:11","date_gmt":"2022-02-07T15:38:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-briefs-4-5\/"},"modified":"2022-02-07T21:08:11","modified_gmt":"2022-02-07T15:38:11","slug":"biz-briefs-4-5","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-briefs-4-5\/","title":{"rendered":"Business briefs"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1252475413\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>*Ugro Capital raises Rs 138 cr debt in impact financing from ResponsAbility  \tMumbai, Feb 7 (PTI) Small businesses focused non-banking lender Ugro Capital has raised its first impact focused debt investment of Rs 138 crore from funds managed\/advised by the Switzerland-based impact investor ResponsAbility.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2986978733\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The transaction was structured in two legs: in the first leg raising Rs 31 crore in ECB (External Commercial Borrowings), and Rs 107 crore in rupee-denominated NCDs (Non-Convertible Debentures) in the second leg, the city-based NBFC said on Monday.<\/p>\n<p>Shachindra Nath, executive chairman and managing director of Ugro Capital, said this partnership with ResponsAbility will go a long way to further financial inclusion and this debt transaction affirms the impact investors&#8217; confidence in our business model.<\/p>\n<p> \t\t\t\t***\u00a0  *Procurement startup H3Mart raises $5 lakh \t  \tH3Mart, which is a procurement startup focused on the hospitality industry, has raised USD 5 lakh (about Rs 3.7 crore) in pre-seed funding from angel investors.<\/p><div class=\"trade-content_5\" id=\"trade-320835961\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Investors include Vineet Saxena, co-founder of Myntra; Akash Gehani, co-founder of Instamojo; Anuj Rathi of Swiggy; Sachin Agarwal, co-founder of Bizongo; Karan Tanna, founder of Ghost Kitchens; Sunder Nookala, co-founder of Kwench &#038; Comdex Solutions amongst others, the startup said.<\/p>\n<p>Founded by Daksh Asija and Arjun Wadhwa in April 2021, H3Mart aims to disrupt the traditional B2B procurement landscape through its tech-enabled supply chain automation and supply chain financing.<\/p>\n<p> \t\t\t\t \t\t\t\t***  *India&#8217;s tractor exports jump 72% during Apr-Dec  \t  \tIndia&#8217;s export of tractors rose 72 per cent to USD 1,025 million (about Rs 7,653 crore) during the April-December 2021 period as compared to USD 594 million in the same period previous year, the commerce ministry said on Monday.<\/p>\n<p>The major destinations for the exports include the US, Nepal, Bangladesh, Thailand and Sri Lanka, it said.<\/p>\n<p>Union Budget 2022 has proposed to phase out the concessional rates in capital goods and project imports gradually, it added.<\/p>\n<p>&#8220;This is another step towards creating a level playing field for domestic manufacturers and capacity creation in the sector which includes tractors,&#8221; it added. PTI BEN RR      RUJ RUJ<\/p><div class=\"trade-content-10\" id=\"trade-4274161686\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3809575209\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>*Ugro Capital raises Rs 138 cr debt in impact financing from ResponsAbility Mumbai, Feb 7 (PTI) Small businesses focused non-banking lender Ugro Capital has raised its first impact focused debt investment of Rs 138 crore from funds managed\/advised by the Switzerland-based impact investor ResponsAbility. The transaction was structured in two legs: in the first leg [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-21899","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business briefs - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-briefs-4-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business briefs\" \/>\n<meta property=\"og:description\" content=\"*Ugro Capital raises Rs 138 cr debt in impact financing from ResponsAbility Mumbai, Feb 7 (PTI) Small businesses focused non-banking lender Ugro Capital has raised its first impact focused debt investment of Rs 138 crore from funds managed\/advised by the Switzerland-based impact investor ResponsAbility. 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