UGRO Capital has received an approval for the acquisition of MyShubhLife i.e., Datasigns Technologies (DTPL) a leading embedded finance fintech platform based in Bangalore. Subsequent to the completion of the acquisition of 100% shares of DTPL from its existing shareholders, DTPL will become a wholly owned subsidiary of the Company. The Board of Directors at their meeting held on May 2, 2024, has considered and approved the same.
The acquisition is strategically aimed at enhancing the Company's capabilities in embedded fintech through the integration of a skilled team and the necessary technology. Specifically, it enables the strategic integration of the technology stack platform developed by the Target Entity with the Company to provide solutions within the customer ecosystem.
UGRO Capital is a BSE listed, small business lending fintech platform.
