Microfinance Institution Pahal Financial Services Pvt. Ltd. recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe’s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital’s advised debt vehicle (Magallanes Impacto FIL) and Northern Arc Capital. Pahal has…
Slice, a payments and credit start-up, has announced that it has secured Rs 75.5 crore in debt in the Q1FY22 from various financial institutions including Northern Arc Capital, Credit Saison India, Vivriti Capital, Niyogin Fintech Limited and others. Speaking on the announcement, Rajan Bajaj, Founder and CEO, slice, commented, “The banking industry in India often views credit cards…
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…
Slice, a fintech startup which is building a smart, simple, and transparent financial platform to redesign the life experience for millennials, announced that it has raised Rs 39 crore in debt funding from Vivriti Capital, Northern Arc Capital, InCred Financial Services, Growth Source Financial Technologies, and Ashv Finance. The company will utilise the funds raised…
Origo, a complete post-harvest management services for agricultural commodities has said that it has raised Rs 35 crore debt from Northern Arc Capital and other investors, according to PTI report. Origo group firms Origo Commodities and Origo Finance, will use the fund for securitizing the agricultural markets and streamlining the supply chain mechanism for agri…