Shriram Transport Finance Company Ltd, India’s largest player in commercial vehicle finance, has raised Rs 350 crore ($48.3 million) in a debt funding deal structured and executed by non-bank lender Northern Arc Capital. Cash proceeds will be used to support first-time truck buyers, small road transporters and drivers-turned-truck owners who have been impacted by the…
Eduvanz, India’s top fintech Non-banking Finance Company (NBFC) that enables students to Study Now, Pay Later at 0% interest rates, has raised $10 million in debt funding from multiple financial institutions including InCred Financial Services, Vivriti Capital, and Northern Arc Capital. Commenting on the development, Varun Chopra, CEO, and Co-Founder of Eduvanz, “During the pandemic,…