NeoGrowth to raise Rs 500 crore, names Rahane its brand ambassador

LeapFrog Investments-backed NeoGrowth Credit, a digital financial lender, plans to raise Rs 400-500 crore in equity to fund its medium-term growth.
 
With strong demand for credit after the unlocking phase, the company is looking at 50 per cent growth in assets in 2021-22, said its Chief Executive Arun Nayyar.
 
The company, which lends to small businesses, mostly retail service units including shops, has assets under management of around Rs 1,350 crore.
 
As a part of steps to improve visibility for business growth, NeoGrowth has appointed ace cricketer Ajinkya Rahane as its brand ambassador. The agreement is for