MSME lender NeoGrowth has raised Rs 85 crore in a mix of equity and debt from the Dutch development finance institution FMO and existing investor LeapFrog Investments, as it looks to expand its loan book following a challenging credit environment last year.“The round is nearly 70% equity,” managing director and CEO Arun Nayyar told ET. The company, which lends primarily to small, offline businesses such as retailers, restaurants, and cafes,