Bottomline: Eversource-backed Ecofy grapples with high opex, rising bad loans

Ecofy Finance, a green-focused non-bank lender backed by Eversource Capital, is facing early-stage growing pains as it struggles with elevated operating expenses and rising loan delinquencies.   The Mumbai-based company, which began disbursing loans around three years ago, is expected to have widened its net loss to nearly Rs 35 crore ($4 ......