India, Jan. 30 -- Venture capital firm Lok Capital and UC Impower have reportedly invested INR 50 Cr ( around $5.7 Mn) in GrowXCD Finance.

The NBFC will deploy the fresh proceeds in enhancing its portfolio and to explore untapped markets in the southern part of the country to provide credit support to MSMEs, as per an ET report.

With the latest infusion of INR 20 Cr, Lok Capital's total investment in GrowXCD Finance increased to INR 70 Cr.

(The story will be updated soon)

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