Arogga Limited announced that it has received $0.2 million in funding from Falcon Network, Ratio Ventures, Sketchnote Partners, IDLC Finance Limited, SRB Ventures, Hyper and other investors
October 25, 2023
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On October 25, 2023, Arogga Limited closed the transaction. The company amended the terms of the transaction. The company received $4 million in its third and final tranche.
The company raised $5.5 million in the transaction.
IDLC Finance PLC is a Bangladesh-based multi-product, multi-segment non-banking financial company. The Company's segments include Core financing business, Investment banking business, Brokerage business and Asset management business. Its products and services include small and medium enterprise (SME) loans, corporate loans and consumer loans. Its SME loans include Term Loan, Shampad (SME Lease), Working Capital Loan, Utshob (Seasonal Loan), Abashan, and Shombhabona (New Entrepreneurs Loan). Its corporate loans include corporate, supply chain finance, structured finance and green finance. Its consumer loans include home loan, car loan and personal loan. Its subsidiaries include IDLC Securities Limited, IDLC Investments Limited and IDLC Asset Management Limited. IDLC Investments Limited provides various services, including investment banking services, cap-invest (non-discretionary portfolio) and discretionary portfolio management (DPM). The Company has a presence in over 24 cities.
Arogga Limited announced that it has received $0.2 million in funding from Falcon Network, Ratio Ventures, Sketchnote Partners, IDLC Finance Limited, SRB Ventures, Hyper and other investors