Neogrowth
THEME
Productivity
SECTOR
Resource and Capital Allocation
Neogrowth specializes in providing loans to the SME sector, having disbursed more than 12,000 loans to date across India with a renewal rate of more than 65 percent. The customer segment varies from restaurant owners, petrol pump owners, and automobile dealers to mom & pop grocery stores and pharmacies. The company offers loans up to INR 75 lakhs. These loans are given based on the payment card swipes happening at the merchant’s outlet. With a team strength of 400, NeoGrowth now operates in 21 different cities of India.
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