VC Fund Investments
Startup lender UC Inclusive Credit to raise $9-M led by Insitor Partners
Aarin Capital-backed non-banking finance company UC Inclusive Credit (UCIC) has raised USD 8 million in equity from Insitor Partners to expand its business of financing to startups. The firm will be raising another USD 1 million from existing investors. The total infusion in local currency terms would be around INR 73 crore. The lender as disbursed about INR 1,700 crore to 225 companies since its inception in 2019. Its outstanding portfolio stands at INR 570 crore. UCIC is promoted and majority owned by impact sectors focused Investment Bank, Unitus Capital.
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